US consumer sentiment falls to 89.8 in August for biggest monthly drop since 2012

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US consumer sentiment falls to 89.8 in August for biggest monthly drop since 2012
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US consumer sentiment hits 89.8 in August, vs. 92.1 expected

Gerardo Mora | Getty ImagesThe index was at 98.4 in July, making this the largest monthly decline since December 2012.

"Trump's tariff policies have been subject to repeated reversals amid threats of higher future tariffs. Such tactics may have some merit in negotiations with China, but they act to increase uncertainty and diminish consumer spending at home," Richard Curtin, chief economist for the Survey of Consumers,

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