Consumers’ Assessment of Current Conditions Lowest Since 1983

The Consumer Confidence Index fell almost 11 points to 46 in February.  Analyst had expected a small decrease to 55.  One gauge that measures consumers’ assessment of current conditions dropped to 19.4, the lowest measured level since 1983.  The news sent stocks lower, as the Dow Jones fell 100.97 points.  The report confirmed what many economist had been saying, that consumers aren’t feeling the nascent economic recovery.  

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