Consumer confidence in the U.S.
unexpectedly dropped in August from a six-year high as Americans
faced rising interest rates.
The Thomson Reuters/University of Michigan preliminary
index of consumer sentiment fell to 80 from 85.1 in July, which
was the highest since July 2007. The median projection of 68
economists surveyed by Bloomberg called for little change at
85.2. The decline this month was the biggest since December.Read more...
