American consumer confidence took a hit in July, slipping to 90.8—the lowest in three months—thanks to rising gas prices and mounting grocery costs. After a brief reprieve, fuel prices surged back to around $4.10 a gallon, while shoppers are now more focused on food bills than gas. Despite less chatter about global tensions, a potential U.S.-Iran flare-up could shift that soon. Keep an eye on these trends as summer unfolds.
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