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UM’s Consumer Sentiment & Expectations Improved In August; The Conference Board Confidence Index Also Rose

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Gasoline prices have a huge impact on consumer confidence and expectations, at least when they are moving rapidly up or down. In August, plunging gas prices finally caught up with the University of Michigan’s Consumer Sentiment Index. It has been at record or near record lows since June, when prices peaked, but bounced back smartly,…

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