U.S. consumer confidence fell to a six-month low as views about the current state of the labor market and the outlook for business conditions slipped ahead of a deal to raise the debt ceiling.
The Conference Board’s index declined to 102.3 in May from a upwardly revised 103.7 in the prior month, data out Tuesday showed. The share of consumers who said jobs were “plentiful” fell to the lowest level in more than two years.
