US consumer sentiment slumps to 2014 low    

A signpost for Broadway in New York.

US consumer confidence dropped in August to the lowest since 2014 as consumers soured on employment and business conditions, indicating Americans are becoming despondent amid persistently high joblessness.

The Conference Board’s index decreased to 84.8, the lowest level since the pandemic began, from a revised 91.7 in the prior month, according to its latest report.