June Gloom Hits Consumer Confidence After Gay May; Inflation Expectations Plunge After surging by the most in 14 years in May, analysts expected this morning’s June data for The Conference Board’s consumer confidence index to continue to rebound in June. However, it did not. The headline Confidence print disappointed, dropping from an upwardly revised 98.4 to 93.0 with future expectations dropping, but Present Situation tumbling to its weakest since Sept 2024… Source: Bloomberg “Consumer confidence weakened in June, erasing almost half of May’s sharp gains,” said Stephanie Guichard, Senior Economist, Global Indicators at The Conference Board. “The decline was broad-based… — Continue at ZeroHedge News : Read More
