We hate to be the ones to steal the jam out of President Trump's donut but UMich consumer sentiment slumped to six-month lows in June, despite the surging economic growth, as trade anxiety weighed on current conditions.
The headline sentiment index eased to 97.9 (est. 97.1) from prior month’s 98.2 as current conditions gauge, which measures Americans’ perceptions of their finances, fell to 114.4 from 116.5 in June (but the expectations measure increased to 87.3 from June’s 86.3).
“Consumers who had negative concerns about the tariffs voiced much more pessimistic economic outlook,” Richard Curtin, director of the University of Michigan consumer survey, said in a statement.
“These negative economic expectations could quickly disappear if the trade issues with Europe are promptly settled and immediately followed by agreements with China, Canada, and Mexico.”
Additionally, it seems the poor are feeling worse and the rich slightly better...
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DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
3 comments:
Ok class,raise your hand if you believe anything that comes out of a college professors mouth.
If a civil war were to start college professors would be among the first to go.
Oh because you’re sooooo much smarter, right?
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