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The consumer confidence index fell to 46 in February from an upwardly revised 56.5 in January. Economists had anticipated a reading of 55. The index was benchmarked at 100 in 1985, a year chosen because it was neither a peak nor a trough in consumer confidence. Why such a big drop? Some say volat...
The Standard & Poor's/Case-Shiller 20-city housing price index rose a seasonally adjusted 0.3% in December. It was the seventh consecutive monthly gain and follows a 0.2% increase in November. However, the rate of return is still negivtive. Only three cities - Detroit, Las Vegas and Tampa - sti...