The index fell from mid-2021 to mid-2022 as surging prices ate into household budgets
It's the fourth time in five months that overall U.S. consumer confidence has declined
Consumer spending has remained strong despite the Federal Reserve raising interest rates nine straight times
Businesses and consumers expect inflation to remain elevated in the short term and ease within five years
High inflation contributed to consumer anxiety
Changes to office life look permanent, but shifts in workforce do not
Purchasing intentions for big-ticket items cooled slightly
A new survey by the Conference Board of Canada indicates consumer confidence decreased 11.7 points in May
Inflation and the war in Ukraine may curb consumer spending this year
The prolonged, profound pandemic experience may have altered consumers for good, researchers suggest