
Consumer Confidence Slips In August as Expectations Sour
The Conference Board’s Consumer Confidence Index slipped 0.8 points in August to 89.4, coming in below the 90.3 economists had forecast.

The Conference Board’s Consumer Confidence Index slipped 0.8 points in August to 89.4, coming in below the 90.3 economists had forecast.

For the first time in the history of AAA’s tracking, the national average price of a gallon of regular gasoline stayed above $4 on every day of a month.

Consumer prices rose 0.1 percent in July and were up 3.4 percent from a year earlier, the Bureau of Labor Statistics shared in its last report, a slight improvement on June’s 3.5 percent annual rate.

The American job market went backward last month. Employers cut 23,000 jobs in July, the Bureau of Labor Statistics reported Friday, against forecasts of an 83,000 gain.