US consumer sentiment declined for a third month in June, reaching 65.6, due to inflation concerns.
US consumer sentiment declined for a third consecutive month in June, driven by concerns over persistent inflation, according to preliminary data from the University of Michigan. The sentiment index fell to 65.6, dropping from 69.1 in May and missing economists' expectations of 72.0. Both Democratic and Republican sentiment saw declines, with consumer inflation expectations remaining high at 3.3%.
June 14, 2024
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