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Consumer confidence rises as outlook improves in August
The Conference Board reports a rise in the consumer confidence index to 103.3 in August from 101.9 in July, with short term expectations up to 82.5 and current conditions at 134.4. Dana Peterson notes mixed views as labor market assessments weaken while inflation expectations fall from 2020 levels, amid slower job growth and the 4.3 percent unemployment rate.
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