The University of Michigan Survey of Consumers posted a 54.7 reading for November, down 8.7% from the previous month’s reading.
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The central bank chief asserted that he will seek to balance fighting inflation with supporting the labor market.
Key Fed inflation gauge at 2.2% in August, lower than expected
The personal consumption expenditures price index was expected to increase 0.1% in August and 2.3% from a year ago.
Swiss central bank cuts rates by a quarter point in third trim this year
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September consumer confidence falls the most in three years
The Conference Board's Consumer Confidence Index slid to 98.7, down from 105.6 in August, the biggest one-month decline since August...