US Consumer Confidence Continues to Decline, Reaching Lowest Level Since 2022 Despite Positive Economic Indicators
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#cc9ffa19 ver:0.78

US consumer confidence continues to decline, reaching lowest level since 2022 despite positive economic indicators. Concerns about high prices, particularly for food and gas, are cited as a major factor. Wealthy Americans continue to drive spending, benefiting from lower interest rates on mortgages. The Federal Reserve may delay rate cuts due to persistent inflation. The recent downturn in consumer confidence suggests a potential risk of recession. Confidence declined among almost all income groups and age groups. The US economy showed signs of slowing down in Q1. The odds of a recession in the next 12 months are 33%....

#newstr #UsConsumerConfidence #EconomicIndicators #Recession #GdpGrowth #Inflation #InterestRates 

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