Consumer confidence plunges in June
NEW YORK – Confidence among U.S. consumers hit a 16-year low in June, after falling for the seventh time in as many months, according to a report today from The Conference Board. The board’s Consumer Confidence Index fell a record 7.7 points compared with the month before, to to 50.4 points (1985 = 100); expectations for the future also dimmed.
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