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Experts say Americans are so pessimistic about business conditions their confidence has fallen 'well below the threshold that usually signals a recession ahead'

The article from MSN discusses a significant drop in American consumer confidence, as reported by The Conference Board, which has fallen below the threshold typically indicating an upcoming recession. Despite this pessimism, the U.S. economy shows resilience with low unemployment, strong GDP growth, and cooling inflation. However, public sentiment remains negative due to persistent high prices, political uncertainty, and fears of an economic downturn. This discrepancy between economic indicators and consumer sentiment highlights a disconnect, where despite positive economic data, Americans feel less secure about their financial future, influenced by factors like the ongoing effects of the global health crisis, geopolitical tensions, and domestic political instability.

Read the Full Fortune Article at:
[ https://www.msn.com/en-us/money/economy/experts-say-americans-are-so-pessimistic-about-business-conditions-their-confidence-has-fallen-well-below-the-threshold-that-usually-signals-a-recession-ahead/ar-AA1BHY4m ]