Reported 8 months ago
U.S. consumer confidence eased in June due to economic concerns, with expectations for lower inflation and a mixed outlook. Despite reduced plans for big-ticket purchases, more consumers are planning vacations. The labor market remains strong, supporting consumer spending, even with the Fed's interest rate hikes. The Conference Board's index dipped to 100.4, with varied confidence levels among age groups. While politics are a factor, overall confidence remains stable, led by positive labor market views. Home-buying plans remain low, affected by high prices and mortgage rates, which are starting to impact housing demand and inventory.
Source: YAHOO