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Posted on 28/09/05

Katrina, gas prices batter U.S. consumer confidence

WASHINGTON -- U.S. consumer confidence has suffered its largest single-month drop in 15 years -- a powerful sign that the post-hurricane energy price spike has made Americans edgy.The U.S. Conference Board reported yesterday that its bellwether consumer confidence gauge fell 20 points in September to 86.6, the lowest reading in nearly two years.

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