Tuesday, March 27, 2007

More bad news for US economy

Consumer sentiment dips in March (Reuters)

Customers shop a Wal-Mart store in Chicago in this September 27, 2006 file photo. Consumer sentiment slipped to its lowest in six months in March, as worries about declining stock prices and the health of the housing market shook consumer's confidence in the economy, a report showed on Friday. (Joshua Lott/Reuters)Reuters - U.S. consumer sentiment slipped to its lowest in six months in March, as worries about declining stock prices and the health of the housing market shook consumer's confidence in the economy, a report showed on Friday.


To show the growing concerns of a slowdown, the American consumer sentiment slipped to its lowest in six months.  In related events, the dollar also fall sharply last Friday after an inflation snapshot triggered renewed concerns about the US economy, traders said (AFP news).

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