US consumer confidence in December fell to its lowest level since July, the most in 41 years, according to a report Bloomberg.
This news is a harbinger of some kind, as Americans become less optimistic about things as stock markets collapse and economic growth slows.
Confidence rose from 136.4 to 128.1. This figure is lower than any forecast by Bloomberg, who conducted a survey and got a number 133.5. Also, the number of people expecting more jobs in the first half of next year is 22.7 per cent to 16.6, the largest drop since 1977.
"The news does not bode well for those who expect more economic grace," said Lynn Franco, senior director of economic indicators at the New York-based Conference Board who collected the data.
Franco said: "The decline in the decline in expectations reflects a growing concern that the pace of economic growth will begin to decline in the first half of 2019."
There are many factors that play a role when trying to understand the data: business war, Trump's war with the Fed, weaker economic prospects, cooling housing and a manufacturing market.
The data also showed that many people did not plan to buy any expensive items – such as cars or major appliances – in the next six months.
"While new information may not signal a certain threat to the economy, it is important to watch closely," said Steven Stanley, chief economist at Amherst Perpont Securities.
"It's not a disaster," Stanley said. "The scale of the scale is only the place where he spent the first seven months of this year." "However, it would certainly be worth watching closely the different metrics of consumer attitudes over the next few months to see if the dive in stock prices affects the collective consumer psyche and how it can affect that."