Following three straight monthly declines, U.S. consumer confidence rebounded in August as inflation moderated and gas prices fell.
The Conference Board said Tuesday that its consumer confidence index rose in August to 103.2 from 95.3 in July.
The board's expectations index — a measure of consumers’ six-month outlook for income, business and labor conditions — rose from 65.6 last month to 75.1 in August. Although inflation appears to have moderated recently, the cost for most things remain much higher than they were a year ago. The government reported earlier this month that
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