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With consumer expectations regarding the short-term outlook weakening in July, the Conference Board released a report on Tuesday showing that consumer confidence for the month fell by more than economists had anticipated.
The Conference Board said its consumer confidence index dropped to 80.3 in July from a revised 82.1 in June. Economists had been expecting the index to dip to 81.0 from the 81.4 originally reported for the previous month.
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