Confidence Among US Consumers Declines to a Four-Month Low
- The Conference Board’s index dropped to 100.2 in November
- Inflation expectations climbed to the highest since July
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US consumer confidence fell in November to a four-month low amid the double blow of persistent inflation and rising interest rates.
The Conference Board’s index decreased to 100.2 this month from a revised 102.2 reading in October, data out Tuesday showed. The median forecast in a Bloomberg survey of economists called for a drop to 100.