Americans' view of the economy sinks to the lowest level since 2014, Conference Board survey says

In September, US consumer confidence fell to a 12-year low, dropping 6.7 points to 81.9 according to data released Tuesday by The Conference Board. The decline from the previous reading of 88 marks the lowest level recorded for the index in more than a decade.

The downturn in sentiment is driven by persistently elevated prices and stagnant wages affecting Americans. Additionally, the ongoing Iran war is cited as a contributing factor impacting economic conditions and consumer outlook.