U.S. Consumer Confidence Falls for a Fourth Straight Month in November

U.S. consumer confidence fell for a fourth straight month in November amid worries about current business conditions and employment prospects, but remained at levels sufficient to support a steady pace of consumer spending. The Conference Board said its consumer confidence index slipped to a reading of 125.5 this month from an upwardly revised 126.1 in October. The index was previously reported at 125.9 in September. Economists polled by Reuters had forecast the index would climb to 127.0 in November.

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U.S. Consumer Confidence Declines for Fourth Straight Month