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Story summary
- Conference Board reported consumer confidence dropped to 90.8 in July from 92.2 in June.
- Gasoline rose to $4.10 after Iran closed the Strait of Hormuz on Feb. 28, while inflation was 3.5% in January 2025.
- President Donald Trump blamed the inflation surge on Joe Biden and warned the midterms are less than 100 days away.
- U.S. employers added 57,000 jobs in July, causing unemployment to slip to 4.2% from 4.3%.
