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U.S. consumer confidence retreats markedly in August, close to levels signaling recession

August 29, 2023 0

U.S. consumer confidence retreats markedly in August, close to levels signaling recession

The numbers: The index of U.S. consumer confidence dipped to 106.1 in August from a revised 114 in the prior month, the Conference Board said Tuesday. Economists polled by The Wall Street Journal had forecast a modest pullback to 116 from the initial reading of 117, which was the highest level in two years. The revised July reading was the …

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