US Consumer Confidence Remains Low as Economic Outlook Stagnates
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#cc9ffa19 ver:1.42

US consumer confidence remains low as economic outlook stagnates, with sentiment falling for the third straight month in June. The University of Michigan's index dropped to 65.6, significantly lower than expected. The Conference Board's index also showed a decline to 100.4. Despite the decline, the labor market remains strong, but signs of weakening are emerging. The decline in consumer sentiment is significant as consumer spending drives economic growth. The sour sentiment is also impacting President Biden's reelection bid. Despite the decline, the US economy is still in good shape, but consumer spending is slowing due to high prices and interest rates....

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