Bloomberg Intelligence
US Consumer Sentiment Falls, Bump Stock Ban Tossed
Jun 14, 2024
Joanne Hsu shares consumer sentiment data, Harold Krent discusses bump stock ban, David Welch talks Tesla CEO compensation, and Priya Misra covers market updates. Insights on labor market trends, Supreme Court rulings, stock options controversy, and diversity initiatives in workplaces.
36:12
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Quick takeaways
- US consumer sentiment fell to a 7-month low, driven by concerns about labor markets, interest rates, and inflation.
- Supreme Court overturned bump stock ban, highlighting polarization and potential legislative action.
Deep dives
Consumer Sentiment Decline in June
Consumer sentiment in June declined to a seven-month low, with concerns about weakening labor markets, interest rate movements, and inflation not slowing down as expected. Despite a slight drop in sentiment from May to June, consumers feel there has been no significant change in the economic outlook.
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