retail news in context, analysis with attitude

Reuters reports that the Conference Board announced yesterday that its index of consumer attitudes fell to 90.9 this month from a downwardly revised 99.8 in June. It fell far short of a forecast reading of 100, and "was the lowest since September 2014, and the decline was the steepest since August 2011."

However, some analysts believed the decline was an anomaly, influenced perhaps more by headlines about problems in Greece and China, as well as stock market volatility, than by a what most people agree is an improving economy in the US.
KC's View:
Wait until the federal Reserve decides to raise interest rates, even a tiny bit ... that'll get people's attention, especially as it affects housing and mortgage numbers. People may have just a bit less discretionary income than in the past, which could be sobering on a number of fronts.