Gee, Ya Think?

MarketWatch reports that:

U.S. consumer confidence falls sharply in August

WASHINGTON (MarketWatch) -- U.S. consumer confidence weakened sharply in August, the Conference Board said Tuesday. The consumer confidence index fell to 99.6 in August from a revised 107.0 in July. This is the lowest level of confidence since last November, when hurricanes battered the southern United States. The fall was sharper than expected. Economists expected the index to drop to 102.7 from the initial estimate of 106.5 in July. Expectations for inflation in the next year rose to 5.5% from 5.1% in July. This is the highest level since last October.