Consumer Sentiment in U.S. Fell in August for Second Month
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Confidence among U.S. consumers eased for a second month in August as households braced for an increase in interest rates that could slow growth.
The University of Michigan’s preliminary index of sentiment decreased to 92.9 from 93.1 in July, figures showed Friday. The median forecast in a Bloomberg survey of economists called an increase to 93.5. Concern about the economy was counterbalanced by the most optimistic views on wages in 15 years.