US consumer confidence dropped to 92.6, uncertainty does not bode well for the recovery, nor for consumer spending

<p>US Conference Board Consumer Confidence dropped to 92.6 in July, down from 98.3, missed expectation of 94.0. Present Situation Index rose from 86.7 to 94.2. Expectations Index, however, dropped from 106.1 to 91.5. “Consumer Confidence declined in July following a large gain in June,” said Lynn Franco, Senior Director of Economic Indicators at The Conference […]</p>
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