Consumer confidence retreated in June after increasing the previous month amid President Trump’s various tariff delays.
The latest index reading from the Conference Board was 93 in June, below the 98.4 seen in May and the 99.8 economists had expected. The expectations index decreased to 69 in June from 73.6 in May when it saw its largest one-month increase since 2009.
“Tariffs remained on top of consumers’ minds and were frequently associated with concerns about their negative impacts on the economy and prices,” Stephanie Guichard, senior economist of global indicators at the Conference Board, said in a press release. “Inflation and high prices were another important concern cited by consumers in June.”
Josh Schafer | Yahoo Finance