NEW YORK — Consumer confidence plummeted in June to its lowest level in 16 years amid growing concerns about high prices, falling home values and a tighter job market.
The Conference Board's monthly Consumer Confidence Index is now at 50.4, down from 58.1 in May. The two key components both fell in June, the Present Situation Index to 64.5 from 74.2, and, reaching an all-time low, the Expectations Index to 41 from 47.3.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"