U.S. consumer confidence wanes in August

09/1/2013 | McClatchy Washington Bureau

A key reading of U.S. consumer confidence fell in August after reaching a six-year high the previous month. The August reading of 82.1, down from 85.1 in July, "indicates that the recent confidence gains have stalled as consumers await decisions on the federal budget and monetary policy," said Richard Curtin, chief economist for the University of Michigan/Thomson Reuters survey.

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