Consumer confidence falls to lowest in seven months
A flurry of economic data released Tuesday after a blackout during the government shutdown paints a confusing picture of the US economy.• September wholesale inflation rose by 0.3%, keeping the annual level at 2.7%, according to the Bureau of Labor Statistics.
• Retail sales rose 0.2% in September, but after factoring in the 0.3% increase in prices that month, spending was actually down 0.1%.
• Consumer confidence for November fell to its lowest level since April as Americans expressed concern about what the future holds for their jobs, cost of living and the economy at large.
CNN senior reporter Matt Egan breaks down the data, and CNN's Jessica Dean speaks with Storch Advisors CEO Gerald Storch, who is the former Toys "R" Us CEO and Target vice chairman. #CNN #News Receive SMS online on sms24.me
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