Consumer Confidence Takes a Dive as Gas Prices Soar

In July, U.S. consumer confidence slipped to 90.8 from 92.2 in June. Why the drop? Gas prices are soaring to $4.10 a gallon, thanks to some Middle East drama. With wallets feeling the pinch, the Federal Reserve is now in a pickle trying to figure out their next move. It’s a wild ride for consumers ahead!