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المشهد العربي
US consumer confidence drops amid inflation
Consumer confidence in the United States experienced a significant decline in August, following two months of improvement, due to a drop in assessments of current and future conditions, along with short-term inflation disruptions. Data from the University of Michigan showed that the confidence index was notably lower compared to last year, with a sharp decline in consumers' outlook on future business conditions, especially among Republicans, reaching its lowest level since the 2024 elections. The data confirmed that rising prices are placing considerable pressure on purchasing power, with few expecting their income to grow faster than inflation over the coming year.
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