US consumer confidence drops to 2026 low
Consumer confidence in the United States declined in August to its lowest level since the beginning of the year, with the index reaching 89.4 points. This was influenced by worsening job market expectations and rising living costs, especially with gasoline prices exceeding $4 per gallon and a slowdown in employment. As a result, consumer spending was reduced, and retail sales experienced the largest decline in over a year.
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