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Public opinion about the economy appears to be souring further this month, per the preliminary release of the University of Michigan's consumer sentiment index.
By the numbers: Overall sentiment fell 8% in the early days of August, after two consecutive months of improvement.
The intrigue: The steepest month-to-month drop in sentiment was among survey respondents who identify as Republicans, with their outlook now 19% below readings from just before the Iran war and at the lowest since the 2024 election.
