US Consumer Confidence Sours on Labor Market Jitters

MACROECONOMICS - WASHINGTON. U.S. consumer confidence dropped by the most in three years in September amid mounting fears over the labor market, though more households planned to buy a home over the next six months.

The Conference Board survey on Tuesday also showed consumers expected inflation to increase in the coming year, clouding their views of the economy ahead of the Nov. 5 presidential election. The economy could determine the outcome of the vote.