business news in context, analysis with attitude

...with brief, occasional, italicized and sometimes gratuitous commentary…

• The Associated Press reports that the Conference Board is saying that consumer confidence backed off a little bit this month, dropping to 98.6 after rising to 103.5 in September.

According to the story, "The September figure was the highest since confidence stood at 103.8 in January 2015. The September confidence number was revised down from an initial estimate of 104.1, the highest in nine years.

"The October figure reflected a drop in consumers’ assessment of business conditions and employment prospects. Even with the small decline, consumer confidence was still at a level expected to support consumer spending and economic growth in coming months."

The big question is what consumer confidence looks like on November 9.
KC's View: