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- Tue Apr 29, 2008 8:33 pm
- Forum: general
- Topic: Negative Fundamental Releases ahead of Fed Announcement
- Replies: 0
- Views: 649
The Consumer Confidence Index fell to a 5 year low, amid soaring inflation reflected in rising gasoline and food prices - and fears of a weakening jobs market. Reduced consumer confidence leads naturally to reduced consumer spending. Consumer spending accounts for over two thirds of the US economy. ...