Ahead of the Bell: Consumer Confidence

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Ahead of the Bell: Consumer Confidence

WASHINGTON (AP) - Consumer confidence held steady in September, experts predict, suggesting fears about volatile financial markets and housing problems may be easing. At 10:00 a.m. EDT Tuesday, the Conference Board is scheduled to issue its monthly survey of consumer sentiment. The consensus estimate of Wall Street economists surveyed by Thomson/IFR is 104.5, slightly lower than August's 105.0 reading. Economists' latest estimates ranged from 100 to 106. Wall Street monitors such data closely since consumer spending accounts for two-thirds of U.S. economic activity. Consumers were concerned in August due to a softening in the labor market and continued subprime housing woes,... Full Story

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