Conf. Board sentiment index falls back in June; job market strength offsetting concerns for future

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25 June 2024

 

Summary: Conference Board Consumer Confidence Index down in June, slightly above expectations; strength in current labour market views continue outweighing concerns about future; US Treasury yields increase modestly; Fed rate-cut expectations soften slightly; decline centred on consumers aged 35-54; views of present conditions improve, short-term outlook deteriorates. US consumer confidence clawed its way back to neutral over the five years after the GFC in 2008/2009 and then went from strength...

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