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Consumer Confidence Index Falls Below 50

The closely watched Consumer Confidence Index fell to 48.5 in September, down from a downwardly revised 53.2 reading in August, according to the New York City-based Conference Board."Overall, consumers’ confidence in the state of the economy remains quite grim. And, with so few expecting conditions to improve in the near term, the pace of economic growth is not likely to pick up in the coming months.”

9/28 HCN