The Conference Board #ConsumerConfidence Index fell 9.7 points in January, to 84.5 (1985=100), from an upwardly revised 94.2 in December. Following this month's plunge, #confidence now stands at its lowest point since 2014, surpassing the depths of the COVID-19 pandemic.

All five components of the Index deteriorated, driving down both current and future confidence: 🌡️The #PresentSituation Index fell 9.9 pts to 113.7. 🔮The #ExpectationsIndex fell 9.5 points to 65.1, well below the threshold of 80 that usually signals a recession ahead.

Confidence declined in January across demographics, including all age and income groups. Likewise, confidence faded this month among among consumers of all political affiliations, with the sharpest decline seen in Independents. Full report: conference-board.org/topics/consume…