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More on Consumer Confidence: At 60.6, the index hits its lowest level since November, led by a...

Tuesday, August 28, 2012, 10:13 AM ET
More on Consumer Confidence: At 60.6, the index hits its lowest level since November, led by a sharp drop in optimism about the short-term outlook. Those expecting business conditions to improve fell to 16.5% from 19%. Those expecting worsening increased to 17.7% from 15.1%. The report hits stocks a bit (Why? Shouldn't this make Fed action more likely?), the S&P 500 -0.2%.

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This news story has 11 comments:

Gainz Burger Comments (14)

"pay no attention to the man behind the curtain"

28 Aug 2012, 10:15 AM Reply Like

bbro Comments (7847)

Random Movements...

28 Aug 2012, 10:16 AM Reply Like

jwbrewer Comments (317)

Of course it is.

28 Aug 2012, 10:18 AM Reply Like

GaltMachine Comments (924)

bbro,

Do you pay attention to the Conference Board's LEI?

Consumer Expectations has a pretty big weighting in the index. A number like this could make it negative all on its own.

LEI component and weighting:
10 Avg. consumer expectations for business conditions 0.1551

28 Aug 2012, 10:29 AM Reply Like

wigit5 Comments (2478)

They just can't help themselves with the talk of Fed action can they?

28 Aug 2012, 10:18 AM Reply Like

Lakeaffect Comments (693)

Yeah. It's like -

"I have an idea! Let's devalue the currency. That'll make 'em feel better."

28 Aug 2012, 10:23 AM Reply Like

wapiti Comments (472)

Ponzi scheme continues....Fed believes in easing regardless to pump up markets for the "trickle down"m wealth effect... No higher markets no higher consumer spending , which accounts for 70% GDP We're all in a trap

28 Aug 2012, 10:23 AM Reply Like

J 457 Comments (865)

At what point did we allow the FED to harness the entire financial system and manipulate it for the benefit of the few? Seems there should be millions of daily calls from concerned citizens to their elected officials voicing objection. Your life's finances, all in the hands of the FED as they experiment with monetary policy. Get them out of the markets and you'll start to see a recovery.

28 Aug 2012, 10:30 AM Reply Like