U.S. Consumer Confidence Declines With Economic Optimism Cooling
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U.S. consumer sentiment eased in June as Americans became less optimistic for the economy and income growth, according to figures Tuesday from the New York-based Conference Board.
The report indicates that while Americans remain upbeat on the current state of the economy amid bountiful jobs and lower taxes, there is less confidence that gains will remain robust. Some 18.8 percent of respondents said they expected their incomes to rise in the next six months, the smallest share since April 2017. As a result, purchase plans for motor vehicles and major appliances settled back.