US consumer confidence slips as Democrats fret about tax cuts, U.Michigan says

US consumer confidence cooled a tad at the start of December as some Americans reportedly fretted about the impact that the proposed tax cuts might have on economic prospects, according to the results of a widely-followed survey. The preliminary reading on the University of Michigan's consumer confidence gauge for December printed at 96.8, down from a reading of 98.5 in the month before. Economists had projected a reading of 98.9. The drop was entirely the result of a fall in the sub-index for ...

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