U.S. Consumer Confidence Posts Sharp Decline
It declined more than forecast expectations predicted
U.S. consumer confidence declined more than forecast in September as Americans’ expectations for the economy and the job market deteriorated, posing a risk to the household spending that is underpinning growth.
The Conference Board’s index decreased to a three-month low of 125.1 from a downwardly revised 134.2 a month earlier, according to data from the New York-based group.
The median forecast in a Bloomberg survey of economists called for 133. The gauge of views on the present situation eased, while the expectations gauge dropped to the lowest level since January.
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