U.S. Consumer Confidence Stabilizes in Bloomberg Index as Job Losses Slow

The Bloomberg Consumer Comfort (COMFCOMF) Index was minus 46.4 in the period ended Jan. 22 after minus 47.4 the prior week. "Consumer confidence looks to have stabilized, albeit at low levels," said Joseph Brusuelas, a senior economist at Bloomberg LP in New York. "Some of the better data flow in manufacturing and labor market is likely the source of the modest improvement."

Read the full article at www.bloomberg.com.