Kike Calvo/AP
- US consumer confidence dropped more than expected in August, the Conference Board said.
- The fall was the biggest in two years amid persistent inflation and labor market concerns.
- These three charts show how Americans are feeling about the economy.
Americans aren't feeling great about the state of the US economy or their place in it right now.
The Conference Board reported Tuesday that its consumer confidence gauge fell to 106.1 in August, below Bloomberg estimates and a fresh three-month low. One month ago, that number stood at 114.0.
While the US has so far avoided a recession this year, Americans say they are still feeling the sting of higher interest rates and prices that are hovering above the Federal Reserve's 2% inflation target.