∙ U.S. Consumer Sentiment Drops to 2012 Low

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”Confidence among U.S. consumers dropped in July to the lowest level this year as the labor market and broader economy showed few signs of improvement. The Thomson Reuters/University of Michigan final index of sentiment declined to 72.3 this month from 73.2 in June. The gauge was projected to hold at the preliminary reading of 72, according to the median forecast of economists….” Source: Bloomberg.com

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