Consumer confidence up in September

[Ichingcarpenter]

Source: Reuters

NEW YORK (Reuters) - U.S. consumer confidence improved in September as inflation expectations fell to a six-month low, the Conference Board said on Tuesday, though it noted its survey did not capture all the latest events in the financial crisis.

The Conference Board said its index measuring consumers' mood rose to 59.8 in September from an upwardly revised 58.5. August was originally reported at 56.9.

The result for September was above economists' expectations for a reading of 55.5, according to a Reuters poll. Their 71 forecasts ranged from 50.0 to 65.3.

Read more: http://www.reuters.com/article/hotStocksNews/idUSTRE48T4MZ20080930

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In other headlines

[bluestateguy]

1. Attention: Beachfront property for sale in Wyoming

nt

[redqueen]

2. Well...

that's a head-scratcher.

[UnrepentantUnitarian]

3. Atention, the lemming line forms at the right...

Be sure to smile and give thanks (...as you leap off that cliff together).

[Mojorabbit]

4. I wonder what the time span

for the collected info was. Certainly it could not have been recent.

[stray cat]

5. Consumer spending has plummeted recently according to news sources

[Alcibiades]

6. Most folks didn't see thic coming

"However, the cut-off date for this survey was September 23, which may mean that it did not fully reflect the effects of the latest turmoil in financial markets."

Of course, they were already paying $4.00/gallon for gas, so I don't get it, either.

At least gas prices should go down if the economy tanks!

[Terran]

7. Yeah...

Expect to see that drop a bit in the next report.

[rcsl1998]

8. Riiiiight!

Ive never felt more confident about the economy in my life! (sarcasm)

[knitter4democracy]

9. How the heck do you have to massage the numbers to get that?!

There's no way that's actually true.

[tabasco]

10. Choko rations have been increased 50% too!