Consumers are feeling less confident about the US economy as prices keep rising
CNN
Americans' economic outlooks continue to sour in the face of high prices and rising recession risks, according to new data released Tuesday.
The consumer confidence index for June dropped to 98.7 from May's revised reading of 103.2, which was adjusted downward by more than 3 points.
Driving down the overall level was a steep decline in consumers' expectations for the next six months. The expectations index fell from 73.7 to a reading of 66.4 -- the lowest level in nearly a decade, according to the report.
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