U.S. Consumer Confidence Slips in November
Once more, inflation expectations rise
U.S. consumer confidence eased further in November amid persistent worries about the rising cost of living, a survey showed on Tuesday.
The Conference Board said its consumer confidence index fell to 100.2 this month from 102.2 in October. Economists polled by Reuters had forecast the index at 100.0. Still, the index remains above its COVID-19 pandemic lows. It places more emphasis on the labor market, which remains tight.
Last month, consumers' 12-month inflation expectations increased to 7.2 percent from 6.9 percent.
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