“Americans’ outlook on the economy and their finances took a turn for the worst in early December due likely to anxiety about higher taxes from the budget stalemate in Washington, a survey released on Friday showed.
The Thomson Reuters/University of Michigan’s preliminary reading in the overall index on consumer sentiment plunged to 74.5 in early December, the lowest level since August.
It was far below November’s figure of 82.7 and the median forecast of 82.4 among economists polled by Reuters.”
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