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US consumer confidence inches up as economic pessimism lingers
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NEWSDECK ANALYSIS
The conflict with Iran has had a lasting impact on the global economy, particularly in terms of energy prices, which can influence consumer spending habits and overall economic outlook. As a result, consumer confidence has been closely watched as an indicator of the US economy's resilience in the face of external shocks. The recent uptick in consumer confidence may suggest that the initial shock of the Iran war is beginning to wear off, but lingering economic pessimism indicates ongoing caution among consumers.
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Independent World
US consumer confidence inches up as economic pessimism lingers
Consumer attitudes had significantly deteriorated following the Iran war, which triggered a surge in oil and gas costs
30 Jun, 17:35
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