After reporting decreases in US consumer confidence for three straights months, the Conference Board released a report showing consumer confidence rebounded by more than expected in the month of August. The consumer confidence index jumped to 103.2 in August from a downwardly revised 95.3 in July. The report showed the present situation index improved to 145.4 in August from 139.7 in July, while the expectations index surged to 75.1 from 65.6. Powered by Commodity Insights
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