Consumer confidence drops, reversing four-year high

Concerns over finances has dropped consumer confidence levels to minus 37.6 by the end of April. That's the lowest level since January, erasing last month's four-year high. "The reversal of gains in confidence has been particularly pronounced in middle-income groups that are likely caught between sluggish wage increases and rising inflation that has eroded their real purchasing power," said Bloomberg LP economist Joseph Brusuelas.

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Consumer Comfort in U.S. Declines to Lowest Level in Two Months - Bloomberg

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