Consumer Confidence Dips to 5-Month Low Amid Mounting Concerns About Inflation, Jobs

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Consumer Confidence Dips to 5-Month Low Amid Mounting Concerns About Inflation, Jobs
Consumer Confidence Dips to 5-Month Low Amid Mounting Concerns About Inflation, Jobs

Women carry shopping bags across a crowded 34th Street in New York City. Andrew Kelly/Getty Images

American consumers grew less confident in September, according to a new report from The Conference Board, which showed sentiment deteriorating to its lowest point since April as assessments of job availability fell for the ninth straight month to a multiyear low.

The Conference Board said on Sept. 30 that its consumer confidence index fell to 94.2 in September, down from 97.8 in August, reflecting gloomier views of current and future economic conditions.

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