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Consumer Confidence Falls in April

U.S. consumer confidence in April registered at 86.9, decreasing 31.9 points from March, according to The Conference Board Consumer Confidence Index. The index measuring current business and labor market conditions plummeted 90.3 points from March to 76.4.  In contrast, the short-term outlook for income, business and the labor market rose from 86.8 to 93.8 in April, likely due to consumers’ believing COVID-19 stay-at-home restrictions would be reduced and the economy would re-open. See The Conference Board

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