US Consumer Confidence Plunges in October; Existing Home Prices Rise in July

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The Conference Board's measure of US consumer confidence fell sharply to 71.2 in October 2013, which was well below expectations for a 76.0 reading, from an upwardly revised 80.2 level in September (previously reported as 79.7). The weakness in sentiment in October reflected consumers being less optimistic about the short-term



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