Consumer confidence drops more than expected in October as recession risk rises

Oct. 25, 2022 10:02 AM ETBy: Liz Kiesche, SA News Editor44 Comments

Rising Inflation and consumer spending

Torsten Asmus

  • After two months of gains, the Conference Board Consumer Confidence Index fell in October to 102.5 vs. 106.0 expected and 107.8 prior (revised from 108.0).
  • "The Present Situation Index fell sharply, suggesting economic growth slowed to start Q4," said Lynn Franco, senior

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