US consumer confidence sinks to 12-year low in January

WASHINGTON, D.C.: Americans' outlook on the economy deteriorated sharply at the start of the year, with a key measure of consumer confidence tumbling in January to its lowest level in more than a decade as worries mounted over jobs, prices, and the broader economic outlook.

The Conference Board said that its consumer confidence index fell 9.7 points in January to 84.5, marking the weakest reading since 2014. The