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Confidence Indices Reveal An Unhappy Consumer Despite Optimism About Personal Finances

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Both of the major research groups that chart consumer confidence saw even further deterioration of their indexes in May. The University of Michigan’s Consumer Sentiment Index fell dramatically, off more than 10% from April. The Conference Board’s Consumer Confidence Index was off only 2.2 points. Inflation is the problem. But between the gloom, there are…

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