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Armed With Latest Consumer Confidence Data, Fed Still Eyes Rate Cut

Join Theory, Google, H&M, McKinsey, Foot Locker, Lafayette 148, LL Bean, the Retail Prophet and more at Sourcing Journal’s Virtual Sourcing Summit, R/Evolution: Overhauling Fashion’s Outmoded Supply Chain, Oct 14 & 15.

U.S. consumers are more confident than ever, shrugging their shoulders on talk of trade, tariffs and rising prices, but at the business level the mood could be vastly different. On Tuesday, The Conference Board said its Consumer Confidence Index rebounded in July by 11.4 points, representing the largest monthly pop since November 2011. That kind…

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