US consumer confidence deteriorated in June, with the Conference Board index falling from 98.3 to 93.0, missing expectations of 99.1. Present Situation Index dropped -6.4 points to 129.1. Expectations Index fell -4.6 points to 69.0, well below the 80 threshold that typically flags recession risks. Senior Economist Stephanie Guichard noted that consumers were less upbeat […]
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