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Consumer confidence falls as expectations wane

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Consumer confidence unexpectedly declines due to weaker expectations, suggesting rising chance of recession. Employment cost growth slows to the least in a year, but remains elevated. Home prices fall as affordability wanes. But a housing shortage persists, indicating limited downside in prices. The Chicago Business Barometer, along with other regional surveys, remains in negative territory.

Ned Davis Research | Economics | U.S. Daily Economic Perspectives | Daily

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