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Consumer confidence falls to 12-year low amid Iran war, AI worries

  • The Conference Board reported a sharp decline in its consumer confidence index.
  • The index reached its lowest level in 12 years.
  • Consumers considered high bond yields, the Iran war, AI concerns and other risks.

The Conference Board’s consumer confidence index plunged to its lowest level in 12 years as consumers weighed bond yields at multi-decade highs, the seventh month of the Iran war, concerns about artificial intelligence and a range of other potential risks.

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