US consumer confidence slides to 89.1, recession signal persists

US consumer confidence weakened further in December, with the Conference Board index falling from 92.9 to 89.1, below expectations of 91.7. The pullback was driven by the sharp deterioration in current conditions. The Present Situation Index dropped -9.5 points to 116.8, signaling growing unease over labor market and business conditions. In contrast, Expectations Index held […]

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