US consumer confidence falls to 12-year low on inflation and job worries

· Retail & E-commerce · United States

US consumer confidence has dropped to a 12-year low, eroded by persistent inflation and anxiety over jobs. New York Fed President John Williams said inflation will likely not return to the Fed's 2% target until 2028.

Why it matters：Weak consumer confidence directly affects retail spending forecasts, holiday planning and hiring decisions across the industry, with prolonged inflation delaying any relief from lower interest rates.

Key points

  • Inflation is expected to stay above the Fed's 2% goal until 2028, per Williams.
  • The confidence reading is the lowest in 12 years.
  • Job anxiety is cited alongside inflation as a key drag.

Sources (original reporting)

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