U.S. consumer sentiment kept falling in October as households grew more pessimistic about the broader economic outlook, according to preliminary data from the University of Michigan.
The Consumer Sentiment Index weakened to 46.3 from the final reading of 48.1 in September, falling for a third consecutive month. The Current Economic Conditions Index slumped to an all-time low of 44.7 from the final reading of 50.9 in September.
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