U.S. Consumer Confidence Falls 6.8 Points to 88.7 in November, Largest Drop Since April

The Conference Board's Consumer Confidence Index fell 6.8 points to 88.7 in November, marking the steepest decline in seven months and missing economist forecasts, data released Tuesday show. Dana Peterson, Chief Economist at the Conference Board, said consumer commentary increasingly cited prices, inflation, tariffs, trade policy, and political factors, with growing mentions of potential federal government shutdowns. References to labor market conditions moderated but remained prominent, with overall sentiment turning slightly more negative compared to October.