U.S. consumer outlook dims

09/5/2013 | Bloomberg

Jitters over possible intervention in Syria and the rising cost of mortgages are seen as factors contributing to a decline in U.S. consumer confidence last week as measured by the Bloomberg Consumer Comfort Index. The latest drop is the fourth in a row as consumers feel additionally burdened by "geopolitical tail risks emanating from the Middle East, the lagged impact of tax hikes and gasoline prices, and slower overall growth and job gains," said Joseph Brusuelas, a senior economist at Bloomberg LP in New York.

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