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This is your doctor calling, and you, the American consumer, are due for a checkup.
Tomorrow, the Conference Board will release its monthly index of consumer confidence, which takes the pulse of American shoppers. It’ll be a closely watched number as companies offer mixed signals over the strength of consumer spending, which drives 70% of the US economy.
Consumers are expected to have been pretty confident in August. The reading is projected to tick up to 101.8 from 100.3 in July—and any score over 90 indicates a healthy economy.
We’ll also be paying attention to how many respondents say they plan on purchasing a home now that mortgage rates have cooled slightly. That number fell to a 12-year low in July.
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