NEW YORK, Jan. 27 (Xinhua) -- U.S. consumer confidence plunged in January to its lowest level in more than a decade, as U.S. people grew increasingly pessimistic about geopolitical tensions, high prices and the economic impact of trade policies, The Conference Board reported Tuesday.
According to preliminary results of a monthly survey issued by The Conference Board, the U.S. Consumer Confidence Index fell by 9.7 points from December to 84.5 in January, marking the lowest reading since May 2014 and surpassing the lows recorded during the depths of the COVID-19 pandemic in 2020.
