The Conference Board reported that its Consumer Confidence Index unexpectedly declined to 93 in June, down from 98.4 last month. The decline suggests growing unease among Americans over the economy, labor market, and their personal finances, with tariffs being the top concern. The reading was well below economists’ expectation that the index would tick up to almost 100. Moreover, June’s decline in consumer confidence was shared by consumers across age and income groups, as well as political affiliations, with the biggest decline among Republicans.
