Consumer confidence falls

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Tuesday, Sept. 24, 2002 | 9:44 a.m.

NEW YORK -- Consumer confidence fell for the fourth consecutive month in September, slipping to its lowest level since November, a private research group reported today.

The New York-based Conference Board said its Consumer Confidence Index fell to 93.3 from a revised 94.5 in August. Analysts had been expecting a reading of 92.4.

Against the backdrop of this weak economic recovery, economists expect Federal Reserve Chairman Alan Greenspan and his Federal Open Market Committee colleagues to leave the federal funds rate, the interest banks charge each other on overnight loans, unchanged at 1.75 percent at a meeting today.