Reuters reports that the University of Michigan's October consumer sentiment index fell to 80.6 from 86.1 in September.
While consumer spending, which drives about two-thirds of the U.S. economy, has been healthy, analysts are concerned that because consumer sentiment has fallen for five straight months, consumer spending could go into a tailspin right before the holiday season.
While consumer spending, which drives about two-thirds of the U.S. economy, has been healthy, analysts are concerned that because consumer sentiment has fallen for five straight months, consumer spending could go into a tailspin right before the holiday season.
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