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US consumers and CFOs brace for recession as confidence hits lows, amid trade tensions.
US consumers and CFOs are increasingly worried about a potential recession, with 60% of CFOs expecting one in the second half of the year.
The Conference Board's consumer confidence index dropped to 92.9, its fourth consecutive monthly decline, and the measure for future expectations hit a 12-year low at 65.2.
Additionally, the US Department of Commerce added 80 organizations, mostly from China, to an "entity list," requiring government permits for supply to these firms.
Despite concerns, US stocks showed small gains recently.
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Los consumidores estadounidenses y los CFO se preparan para la recesión a medida que la confianza alcanza mínimos, en medio de las tensiones comerciales.