Jerome Powell holds a press conference after the Federal Reserve's latest decision on interest rates.

The US Federal Reserve voted to hold interest rates on Wednesday despite White House pressure to lower borrowing costs.

The monthly survey’s primary index dropped from 94.2 in December to 84.5 in January as the economic mood worsened across ages and income levels.

Consumer confidence dropped in January to the lowest level recorded by The Conference Board’s survey in more than a decade, a warning sign that a relatively steady stretch of economic data may yet pro...