Consumers were slightly less pessimistic about the U.S. economy in October, with rising interest rates and high gasoline prices the main worries, according to a survey released on Tuesday.
Investor’s Business Daily and TechnoMetrica Market Intelligence said their economic optimism index rose to 42.0 from a record low of 41.2 in September in the aftermath of Hurricane Katrina. A reading above 50 indicates optimism.
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