Prior month 103.3 revised to 105.6Consumer confidence 98.7 vs 104.0 estimatePresent Situation Index 124.3 vs. 134.4 last monthExpectations Index 81.7 vs 82.5 last month.In August, the expectations index was above 80 for the second consecutive month. This month's expectations at 81.7 makes it three months in a row about the 80 level. Generally speaking a reading below the a level usually signals a recession andNevertheless, the consumer confidence is a big miss. There is a negative reaction in the US stock market with the NASDAQ index now down -52 or-0.29%. The S&P index is also lower by -10.8 points or -0.19%. This article was written by Greg Michalowski at www.forexlive.c
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