US consumer confidence declined slightly for
a fourth consecutive month, but it remains
elevated with the holiday shopping season
ramping up.
The Conference Board said Tuesday that its
consumer confidence index ticked down to 125.5
in November from October’s 126.1 reading.
Consumers’ feelings about the present
economic conditions also regressed slightly, but
their short-term expectations for the future rose.
Consumers’ assessment of the job market also
declined slightly, despite low unemployment
and rising wages.
darren dugan
(Darren Dugan)
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