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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts -- Ignore unavailable to you. Want to Upgrade?


To: Augustus Gloop who wrote (42116)6/27/2000 12:35:00 PM
From: Junkyardawg  Respond to of 63513
 
I think the FED watches this number pretty close.

Tuesday June 27 10:59 AM ET
Consumer Confidence Dips in June, Slowing Seen
NEW YORK (Reuters) - U.S. consumer confidence fell in June as Americans anticipated slowing economic growth ahead that would make it more difficult to find jobs, the Conference Board said on Tuesday.

The private business research firm said its Consumer Confidence Index fell to 138.8 in June from 144.7 in May. The May index was revised up to match a record high in January. Economists surveyed by Reuters had forecast a 140.1 reading for June.
The ``present situation'' index fell to 180.2 in June from 183.6 in May while the outlook for conditions six months from now fell to 111.2 from 118.7 in May.

``While the latest signals suggest that U.S. economic activity should decelerate in coming months, consumers are not expecting this record-breaking economic expansion to end any time soon,'' said Lynn Franco, director of the Conference Board's Consumer Research Center.