US Consumer Confidence Falls in June Amid Concerns About Near-Term Prospects
===============	
#cc9ffa19 ver:1.35

US consumer confidence fell in June, hitting a 7-month low, driven by concerns about high prices and weakening incomes. The decline in sentiment is significant as consumer spending drives economic growth. Despite this, the labor market remains healthy, and there are signs of resilience. While consumer spending slowed in April, Americans continue to spend on travel, restaurants, and events. The economy is still in good shape, but the decline in confidence is impacting President Biden's reelection bid. The mixed survey also showed that consumers are less likely to buy vehicles and appliances but more likely to go on vacation. Labor-market resilience is driving consumer spending, underpinning the economy. #ConsumerConfidence #EconomicOutlook #LaborMarket #Inflation...

#newstr #ConsumerConfidence #UsEconomy #Inflation #LaborMarket #Recession #EconomicOutlook 

 https://here.news/story/cc9ffa19?ver=1.35