Reported 7 months ago
The University of Michigan's consumer sentiment index dropped to 65.6 in June, marking the third consecutive month of decline, with Americans expressing concerns about their finances and ongoing inflation. Although the current sentiment is higher than last year's peak, it still indicates a less optimistic outlook for the economy, affecting consumer spending and impacting President Joe Biden's reelection chances. However, recent data shows a decrease in inflation in May, offering some relief amidst the persisting economic challenges.
Source: YAHOO