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Consumer economic outlook reaches a one-year low

Consumer views of the U.S. economy dwindled in September to a yearly low as higher borrowing rates started to deter the housing market recovery.

The gap between positive and negative expectations widened to minus 9, the lowest since August 2012, from minus 5 in the prior two months, according to results of the Bloomberg Consumer Comfort Index. The weekly confidence measure rose to a one-month high of minus 29.4 from minus 32.1.

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