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U.S. Consumer Confidence Sinks to 16-year Low »

Posted by: etrader 2 months, 1 week ago

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U.S. consumers are the gloomiest they've been since the tail end of the last prolonged recession. Inflation, sinking home values and soaring gas prices have pushed confidence to the lowest level since 1992. Consumers' view of the economic future has never been lower, raising worries that already weak consumer spending could deteriorate further.