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Here’s Why Consumer Confidence Tumbled to a 6-Year Low

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Consumer confidence has hit a rock bottom not seen since 2014. The Conference Board’s Consumer Confidence Index fell for the second consecutive month, declining in August to 84.8 from 91.7 in July. Of the two components in the Index, the Present Situation Index fell the sharpest from 95.9 to 84.2, reflecting consumers’ current assessment of…

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