Consumer Confidence Plummets To 63.4

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Headline: 63.4Consensus: 64

Analysis: Consumer confidence surged in February to 72, which was the best number in three years.

It was expected to fall in March, but this drop is worse than expectations.

Definitely a sign that worries about the Middle East and Japan are getting to consumers. Also, concerns over declining home prices and rising inflation are likely embeded in this number.

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