Consumer Confidence Falls on Iran-Driven Gas Price Hike
American consumer confidence fell to 90.8 in July as the Iran conflict pushed gas prices back up to $4.10, raising fresh inflation and political concerns.
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American consumer confidence fell to 90.8 in July as the Iran conflict pushed gas prices back up to $4.10, raising fresh inflation and political concerns.
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Consumer confidence fell in May as gas prices topped $4.50/gallon and inflation hit 3.8%. The University of Michigan sentiment index hit a record low.