1 Day
Source:
The Boston Globe
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US confidence drops amid Iran conflict
Americans’ confidence in the economy declined in July as gas prices rose again amid escalating Middle East tensions between the U.S. and Iran. The consumer confidence index fell to 90.8 from 92.2 in June, with Americans feeling more pessimistic about the job market and grocery prices, which have increased significantly since 2019. The rise in gas prices and inflation concerns have contributed to ongoing economic unease.
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