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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Sep 10, 2005
Page
20
Consumer confidence fell to 61.5 in September as Hurricane Katrina raised fears about the economy and energy costs. The ABC CASH Index, based on Ipsos polling, shows the steepest drop since March 2003 with negative six month outlook, while energy prices and the housing market add to uncertain prospects.
A look at consumer confidence based on a composite index of attitudes about the economy personal finances and job security. The index is benchmarked to a 100 reading in January 2002 when Ipsos began the gauge.
The Federal Reserve shortened the January policy meeting to January 31, signaling Chairman Alan Greenspan will depart at month end. Speculation centers on successors Ben Bernanke, Glenn Hubbard, and Martin Feldstein as reshaping the post Greenspan era.
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