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US consumer confidence drops to January lows
In August, American consumer confidence declined to its lowest level in seven months, with the confidence index dropping to 89.4 points. There are also expectations that future inflation will rise to 5.8% over the next year. This decrease was driven by households' worsening outlook on the job market and inflation, despite a temporary improvement in their assessment of current conditions. This reflects consumer pessimism and their cautious outlook for the future amid economic pressures.
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