The impact of higher payroll taxes hurt consumer confidence in January, causing it to drop to its lowest level since November 2011.
The Conference Board, which tracks its own Consumer Confidence Index each month, said the gauge fell 8.1 points, to 58.6, from last month’s reading of 66.7. That’s a decline for three straight months since hitting a five-year high of 73.1 in October 2012. Economists were generally expecting a slight dip to 65.
Alberta Ferretti's "Rainbow Week" sweaters are back. The designer closed her #MFW show with a few day-of-the-week sweaters, which first debuted on the catwalk last January as part of the pre-fall 2017 collection. #wwdfashion (📷: @delphineachard)