Consumer Confidence Hits 26 Year LowQuicklink submitted by Rob Kall Permalink
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|The Reuters/University of Michigan Surveys of Consumers said its preliminary index of confidence fell to 63.2 in April from 69.5 in March, well below economists' median expectation of a 69.0 reading.
The April result was the lowest since March 1982's level of 62.0, when the "stagflationary" period of low growth and high inflation was still fresh in the memory of many Americans.
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