US DATA: June Conference Bd consumer confidence 58.5 vs 61.7 May,
reflecting labor mkt and income concerns. Survey closed Jun 16, before
gas prices dropped further. Present Situation 37.6 vs 39.3 and
Expectations 72.4 vs 76.7, so all components fell. Conference Bd says
consumers are likely to “continue weighing their spending decisions
carefully.” Spending plans dropped in autos, homes, appliances and
vacations. 1y infl rate est at 6.0% vs 6.5% in May. Jobs Plentiful 5.2
vs 5.7, and Jobs Hard to Get 43.8 vs 43.5, so the net metric worsened.
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US DATA: June Conference Bd consumer confidence 58.5.
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