CONSUMER CONFIDENCE PLUNGES TO FOUR-YEAR LOW

NEW YORK (FNS) -- Consumer confidence plunged 14 points in January to its lowest level in four years, signaling growing fears a recession is looming.The Consumer Confidence Index fell 11% to 114.4, the lowest level since December 1996, when it registered 114.2. It also was the fourth straight index decline since the index rose to 142.5 in September. Lynn Franco, director of the Conference Board's

NEW YORK (FNS) -- Consumer confidence plunged 14 points in January to its lowest level in four years, signaling growing fears a recession is looming.

The Consumer Confidence Index fell 11% to 114.4, the lowest level since December 1996, when it registered 114.2. It also was the fourth straight index decline since the index rose to 142.5 in September. Lynn Franco, director of the Conference Board's Consumer Research Center, said consumers' increasing pessimism about the short-term outl

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