US consumer confidence dips for third straight month

U.S. consumer confidence was down in July for the third straight month.

The Conference Board's Consumer Confidence Index dropped by 1.4 points to 90.8 last month.

"Consumer confidence moderated slightly in July, continuing a general downward sloping trajectory since late 2021," said Dana M. Peterson, chief economist at The Conference Board, in a statement. "Consumer appraisals of current business conditions and, to a lesser extent, perceptions of the current labor market both softened."

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