US consumer confidence has fallen for the second consecutive month, reaching its lowest point since April. This decline is attributed to growing pessimism about inflation and a weakening job market. The Conference Board's index dropped significantly, with a key measure of future expectations falling below a recessionary threshold. Concerns over prices and inflation have resurfaced as the primary economic worry for consumers, while job growth has slowed considerably, leading to a rise in recession expectations.

Prepared by Christopher Adams and reviewed by editorial team.