4 in August. This is the lowest level in seven months, although it remains within the same range as earlier in the year. The ongoing conflict in Iran has contributed to high gasoline prices, which have stayed above $4 per gallon.

Respondents' views of their current situation have improved, but their short-term outlook has worsened. Americans continue to feel frustrated with the economy due to elevated inflation over the past five years. Further details on the consumer confidence index and its implications are available from the Conference Board's report.