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10:17 Record Low Consumer Confidence :

The Conference Board's Consumer Confidence report hit a new record low of 37.7 in January. That was down from an upwardly revised reading of 38.6 (prior 38.0) and slightly below the consensus estimate of 39.0. However, it is down sharply from the 87.3 reading seen a year ago. There were declines in both the Present Situations (from 30.2 to 29.9) and Expectations (from 44.2 to 43.0) indexes. Notably, there was an increase in car-buying plans within six months, but there wasn't any pickup in plans to buy a home in the next six months or any major appliances.