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UM Consumer Sentiment Index Hits New Record Low; Conference Board’s Consumer Confidence Index Also Falls

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As we’ve been writing for months, American consumers are really spooked by inflation. So much so that the University of Michigan’s Consumer Sentiment Index fell another two-tenths of a point in the final June reading, surpassing the record low it reached in the preliminary June reading. The index goes back to 1946! As Joanne Hsu,…

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