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11/26/14

US Economy: Consumer Confidence drops sharply in November

US consumer confidence unexpectedly fell sharply in November.

The Conference Board's latest consumer confidence reading came in at 88.7, down sharply from October.
Expectations were for the reading to come in at 96, up from 94.5 last month.

The reading's expectations component also fell sharply, to 87.0 from 93.8 in October.
October's 94.5 was a seven-year high for the index.

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