US Consumer Confidence Falls as Outlook Weakens on Economy
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#cc9ffa19 ver:1.41

US consumer confidence fell in June, reaching its lowest level in seven months, as worries about high prices and weakening incomes weighed on sentiment. The University of Michigan's consumer sentiment index dropped to 65.6, while The Conference Board's consumer confidence index dipped to 100.4. Despite the decline, year-ahead inflation expectations remained stable. The sour sentiment about the economy is impacting President Biden's reelection bid, and consumer spending, which drives economic growth, is being closely monitored. The labor market remains healthy, but signs of weakening are emerging. Despite the decline in confidence, the US economy is still in good shape. #ConsumerConfidence #EconomicOutlook #Inflation #LaborMarket...

#newstr #UsConsumerConfidence #Economy #BusinessConditions #Jobs #PersonalIncomes #ConferenceBoard #Inflation #LaborMarket 

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