Consumer sentiment surprises lower in August as inflation expectations perk up

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Sad And Smiley Faces Over Sliding Buttons On Yellow Background

The U.S. consumer sentiment index slid to 58.6 in August from 61.7 in July, compared with the 61.9 consensus, according to a University of Michigan survey released on Friday.

Last month's pullback in sentiment -- the first time that has occurred in

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