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Consumer Confidence Unexpectedly Drops On Inflation, Rate-Hike Fears

zerohedge.com / by Tyler Durden / Nov 10, 2017 10:10 AM

UMich consumer sentiment declined from 100.7 to 97.8 in the preliminary November print, disappointing expectations of a small rise as anticipation of a pickup in inflation and higher interest rates weighed on the gauge.

Even with the decline, sentiment was the second-highest since January, reinforcing other reports that Americans remain optimistic about employment and the economy.

Other highlights include:

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