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Consumer Confidence Index in U.S. Fell to 80.3 in July
Confidence among U.S. consumers declined more than forecast in July after a five-year high a month earlier as Americans grew more pessimistic about the economy and employment. The Conference Board’s index of sentiment decreased to a reading of 80.3 from a revised 82.1 the prior month that was stronger than initially estimated, figures from the New York-based private research group showed today. The median forecast in a Bloomberg survey of economists was for a reading of 81.3. Consumers’ views on the economy dimmed as Americans paid more at the gas pump this month than last and as higher mortgage rates threatened ... (full story)
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