UoM consumer sentiment slips again in June

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14 June 2024

 

Summary: University of Michigan consumer confidence index falls in June, reading less than expected; views of present conditions, future conditions both deteriorate; few changes in economy from May; short-term Treasury yields rise, longer-term yields fall; fed funds rate-cut expectations firm. US consumer confidence started 2020 at an elevated level but, after a few months, surveys began to reflect a growing unease with the global spread of COVID-19 and its reach...

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