Turbulence on Wall Street threatens to spook consumers

Turbulence on Wall Street threatens to spook consumers

Recent massive stock drops are sapping whatever confidence remains among consumers. The drop in the stock market could cut overall spending by $140 billion, or 1.3 percent, over the coming year, says Paul Dales, senior U.S. economist at Capital Economics.

Turbulence on Wall Street threatens to spook consumers

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Recent massive stock drops are sapping whatever confidence remains among consumers. The drop in the stock market could cut overall spending by $140 billion, or 1.3 percent, over the coming year, says Paul Dales, senior U.S. economist at Capital Economics.
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