US DATA: Sep Conference Board consumer confidence 45.5 vs 45.2r in
Aug, showing continuing pessimism on worries about earnings (13.3%
expect income to rise vs 14.3% in Aug). Present Situation 32.5 (in a 5th
drop) vs 34.3; Expectations 54.0 vs 52.4. Conf Bd says this “does not
bode well for spending.” Buying plans rose for homes, dropped elsewhere.
1y infl expectation is 5.7%. Confidence dropped in South, East and
Mountain areas. Jobs Hard to Get 50.0 vs 48.5; Jobs Plentiful 5.5 vs
4.8. Report does not show the more robust rebound expected.