US Consumer Confidence Declines on Weaker Outlook for Economy
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#cc9ffa19 ver:1.45

US consumer confidence declined in June, hitting a seven-month low. The University of Michigan's sentiment index dropped to 65.6, while The Conference Board's index dipped to 100.4. Rising worries about high prices and weakening incomes drove the decline. Despite this, year-ahead inflation expectations remained stable at 3.3%. The drop in consumer sentiment is significant as consumer spending plays a crucial role in driving economic growth. #ConsumerConfidence #EconomicOutlook #Inflation #ConsumerSpending...

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