U.S. consumer confidence slides

10/31/2013 | Bloomberg

U.S. consumer sentiment as measured by the Bloomberg Consumer Comfort Index has reached its lowest point in more than a year after five consecutive weeks of decline. "The combination of fiscal follies in the nation's capital, slower economic activity and a deceleration in hiring clearly has impacted consumer confidence," said Joseph Brusuelas, a senior economist at Bloomberg LP in New York.

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