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flag US consumer sentiment drops to 58.6 in August, signaling economic concerns over inflation.

flag US consumer sentiment unexpectedly declined in August, dropping to 58.6 from 61.7 in July, below economists' forecast of 62.0. flag The decline reflects increased concerns over rising inflation, with one-year inflation expectations up to 4.9% and long-term expectations rising to 3.9%. flag This drop in consumer confidence could affect consumer spending and economic growth.

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