Confidence in US Economy Drops Sharply, Economic Pessimism Grips US Households
Edited By WION Video Desk
Published: May 26, 2026, 20:01 IST | Updated: May 26, 2026, 20:01 IST
U.S. economic confidence has plummeted to near four-year lows, driven by surging inflation and higher gas prices. Major indicators reveal households are grappling with severe pessimism regarding the cost of living, with the Gallup Economic Confidence Index dropping to -45, its lowest reading since late 2022.
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