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Consumer confidence at lowest levels since Papa Bush was in office
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| Consumer confidence at lowest levels since Papa Bush was in office
- Click HERE to go to the original thread with graphics
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| Mynd4life |
Consumer confidence fell in June to its lowest in 16 years as high inflation continued to sap confidence and pushed expectations for the future to a record low, the Conference Board said on Tuesday.
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The Conference Board, an industry group, said its inflation expectations gauge matched the record-high 7.7 percent it hit in May, which will keep Federal Reserve policy makers concerned over price growth as they meet to decide rates on Tuesday and Wednesday.
The Conference Board said its overall monthly measure of consumers' mood declined to 50.4 this month -- the lowest since 47.3 in February 1992 -- from a revised 58.1 in May. May's reading was originally reported at 57.2. |
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| DUDE-HERE |
| some should tell ipod and best buys that |
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