U.S. Consumer Confidence at Lowest Point Since August

According to data released on Thursday (10/29) the Bloomberg Consumer Comfort Index (CCI), a weekly measure of U.S. consumer confidence, fell to a reading of 46.3 last week on a zero to 100 scale. The CCI is now at an 8-week low and at its lowest point since last August. A measure of confidence in the economy decreased -2.9 points in two weeks, the largest such decline since May. Over that time period, the sentiment of Americans earning less than $50,000 a year dropped to a six-week low of 37.5.