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US Consumer Confidence Falls to Three-Month Low
US consumer confidence fell in October by more than expected to a three-month low as widespread inflation and growing concerns about the economic outlook weighed on Americans. The Conference Board’s index decreased to 102.5 from a 107.8 reading in September, data out Tuesday showed. The median forecast in a Bloomberg survey of economists called for a drop to 105.9. A measure of expectations -- which reflects consumers’ six-month outlook -- dropped to 78.1, while the group’s gauge of current conditions plunged to 138.9, the lowest since April 2021. The pullback in confidence underscores how high prices across ... (full story)