U.S. Economy: Confidence Decreases to a Three-Month Low

Confidence among U.S. consumers dropped more than forecast in March as fuel costs surged to the highest level in more than two years.

The Conference Board’s confidence index fell to a three-month low of 63.4 from a revised 72 reading in February, figures from the New York-based private research group showed today. Another report showed home prices decreased in January for a seventh consecutive month.