Consumer Sentiment In U.S. Declined In August To Three-Month Low

Consumer Sentiment In U.S. Declined In August To Three-Month Low

Consumer confidence declined in August to a three-month low as recent market tumult weighed on Americans’ outlook for the U.S. economy. “Confidence withered in the second half of the month after U.S. stocks plunged on concerns about the Chinese economy.”

New York Fed President William Dudley told reporters on Wednesday, that the sentiment index would be the first economic indicator “where you might start to see maybe a little bit of an effect” from the market fluctuations.

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