Consumer Confidence Falls to 3-Month Low

The Consumer Confidence Index, reported by the Conference Board, slipped 9.1 points from 134.2 in August to 125.1 in September, as households are less optimistic about short-term economic outlook and recent escalation in trade tensions. The Present Situation Index decreased 7.0 points from 176.0 to 169.0, after hitting 19-year high last month, and the Expectation Situation Index dropped 10.6 points from 106.4 to 95.8, the lowest reading since January.

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