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Consumer sentiment falls again in July as Trump euphoria wears off

The University of Michigan’s sentiment index slipped to 93.1 in July from 95.1 in June. The index has fallen from a 13-year high of 98.5 in January, when President Trump took office. Consumers were optimistic at the start of the Trump presidency, especially Republicans, but the early hopes about even faster U.S. growth appear to have faded as gridlock in Washington persists.

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