Investors concern of consumer data: Stocks Fall

[kst$]

I don't know what they execpt from the consumer. They keep making tax cuts yes but the price of Necessities such as food and gas continue to climb. Thats what every day people need. Make the cuts there if they want consumer spending to continue.

Stocks fall as investors wary of consumer data, Fed decision

04/29/08 11:21 EDT
By JOE BEL BRUNO
NEW YORK (AP) - Wall Street pulled back Tuesday after a disappointing reading on consumer sentiment suggested that inflation is taking a toll on the U.S. economy.
The Conference Board said its April reading on consumer confidence fell for the fourth straight month because of heightened concerns about soaring inflation and the weakening job market.
Wall Street remains worried that inflation could accelerate and curtail consumer spending, which accounts for more than two-thirds of the U.S. economy. That's also of paramount concern for the Federal Reserve, which begins a two-day policy meeting Tuesday afternoon.

Stocks Fall as investors wary of consumer data
byJoe Bel Bruno

People are losing their homes. Parents are trying to figure out how to feed their families with the rising cost of food. They are trying to get back and forth to work to bring in what money they can. In my opinon they could Break into the oil reserves what good is it doing there. You can store more oil and use the reserves and bring the prices back down.