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Consumer Confidence Falls for Second Straight Month

Consumers have been growing more downbeat amid rising interest rates and political uncertainty. So reports RISMedia.

arrow down icon 157360 1280According to The Conference Board, consumer confidence fell to 103 in September from 108.7 in August, marking its second straight monthly decline.

“Expectations for interest rates declined in September after surging in the prior month” while “plans to buy homes … continued to trend downward,” Dana Peterson, chief economist at The Conference Board, said in a statement.

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