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Consumer confidence has pulled back in June, according to The Conference Board Consumer Confidence Index®. The index dipped to 100.4, down from 101.3 in May, with consumers expressing mixed feelings on the labor market and short-term business outlook.
Join Markus Schomer, Senior Economist with The Conference Board, and Dana Peterson, Chief Economist and Leader of the Economy, Strategy & Finance Center, to find out why consumer confidence continues to decline—and what that means for US and global economic growth.
(00:31) June Consumer Confidence Survey Insights
(00:53) Factors Influencing Consumer Confidence
(02:04) Age and Income Differentiation in Confidence
(02:58) Present Situation and Expectations Indices
(06:09) Consumer Views on Recession and Inflation
(07:49) Interest Rates, Stock Market, and Finances
(10:16) Consumer Spending and Buying Plans
(13:50) Outlook for the U.S. Economy
(17:04) Global Economic Outlook