By Ed FranklU.S. consumers grew a little less confident this month, as jitters about the future grew, a monthly survey said. But positive views of the current labor market continued to outweigh concerns about the future, as confidence remained in the same narrow range that's held throughout the past few years, group economist Dana M. Peterson said. "However, if material weaknesses in the labor market appear, confidence could weaken as the year progresses," she added. Declining confidence was mainly centered on consumers aged 35-54, with those older and younger seeing sentiment tick up. Meanwhile, average inflation expectations for the year ahead dipped slightly to 5.3% from 5.4%, after inflation in May came in slightly cooler than expected.

Source: Wall Street Journal June 25, 2024 14:48 UTC