US Consumer Confidence Falls in June Amid Concerns About Near-Term Prospects
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#cc9ffa19 ver:1.36

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 expectations of a recession pulled back, fewer consumers plan to buy vehicles and appliances, but more plan to go on vacation. The economy is still in good shape, but the decline in confidence is impacting President Biden's reelection bid....

#newstr #UsConsumerSentiment #InflationConcerns #UniversityOfMichiganSurvey #ConsumerBehavior #AmericanPerceptionOfTheEconomy 

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