Both the Conference Board and the State Street confidence indexes plummeted in August, with the Conference Board Consumer Confidence Index falling 14.7 points from July, to a reading of 44.5, and the State Street Investor Confidence Index declining by 12.9 points, to 89.6.

State Street’s Present Situation Index also ticked down, to 33.3, from 35.7. More strikingly, the Expectations Index fell to 51.9 from 74.9.

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