Consumer Confidence Hits Lowest Level Since 2014

On today’s episode of Hot Sheet, Byron Lazine broke down The Conference Board’s September Consumer Confidence Survey, which showed confidence falling sharply, and Logan Mohtashami’s Housing Market Tracker, highlighting the housing market impact of mortgage rates climbing to 7.57%. He also covered the U.S. Bureau of Economic Analysis’ latest PCE inflation data, showing prices up 3.4% annually, along with the Bureau of Labor Statistics’ September employment report, which showed just 29,000 jobs added, unemployment holding at 4.2%, and annual wage growth of 3.0%.