US Consumer Confidence Falls on Jobs, Business Outlook

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US consumer confidence fell in August to the worst level since the start of the year. The Conference Board gauge decreased 0.8 points to 89.4 following a downward revision to the previous month. This decline is attributed to concerns regarding jobs and the general business outlook. Additionally, ongoing conflict in Iran has contributed to the drop by keeping gas prices steadily above $4 a gallon, further impacting the sentiment of consumers across the United States.
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