Economics
U.S. Economy: Confidence Slips to Five-Month Low
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American consumers lost confidence in July, shaken by mounting concern over jobs and wages that threatens to constrain the economic recovery.
The Conference Board’s sentiment index fell to 50.4, below the median forecast of economists surveyed by Bloomberg News and the lowest level in five months, figures from the New York-based private research group showed today. Another report showed home prices rose more than forecast in May as a government tax credit temporarily underpinned sales.