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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: Wally Mastroly who wrote (9467)	10/26/1999 2:33:00 PM
From: Wally Mastroly	Read Replies (1) \| Respond to of 15132

Consumer confidence drops sharply NEW YORK - Consumer confidence fell sharply in October, extending its decline to a fourth straight month and suggesting that the Federal Reserve has succeeded in cooling off the economy by raising interest rates. The Conference Board said Tuesday that its index of consumer confidence, which is a measure of consumers' willingness to spend, fell to 130.1 in October from a revised 134.2 in September. The drop was greater than analysts had expected. Now the index is nearly nine points below its peak of 139 in June, which was the highest reading in more than 30 years. Consumer sentiment is an important economic indicator, because consumer spending accounts for two-thirds of the nation's overall economic activity. usatoday.com