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U.S. Consumer Confidence Drops in September

According to data from the Conference Board, consumer confidence decreased significantly in September reflecting tighter labor market conditions. Despite this, layoffs remain at historically low levels. Consumers’ assessment of their personal financial standing also declined....

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WSJ: Sub-Prime Borrowers Squeezed 

The Wall Street Journal reports that consumers – particularly subprime consumers – are struggling to keep up with their bills. In addition to rising prices, these consumers have been squeezed by higher credit card interest rates....

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FT: Investors Flock to Bonds in July

The Financial Times (FT) found that investors have moved $66 billion into fixed-income funds since the start of July, as a hedge amidst potential recession fears. U.S. Treasuries and other highly rated debt securities have been especially...

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