A recent report released on Tuesday indicates a modest decline in consumer confidence during August. The data reflects shifting sentiment among households, potentially influenced by ongoing economic conditions such as inflation and employment trends. While the drop is relatively small, it may signal caution among consumers regarding future spending. CBS News MoneyWatch correspondent Kelly O’Grady provided analysis of the findings, highlighting the importance of monitoring consumer behavior as an indicator of broader economic health.
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New economic data shows slight consumer confidence drop in August
New Consumer confidence data released Tuesday shows a drop in August. CBS News MoneyWatch correspondent Kelly O’Grady breaks it down.