The Michigan consumer-sentiment index bounced off its all-time low set in May to rise to 48.9 in the initial June reading, from 44.8 a month earlier.
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Consumer Sentiment Improves Slightly in June but Remains Sluggish
War with Iran has halted a hard-won improvement in housing affordability. The problem is rising mortgage rates on the back of worries that the energy crisis will stoke inflation. Read more in today's Markets A.M. newsletter:
Plus, a geothermal power play and Iran confusion. Source link
The ECB became the first major central bank to raise rates to tackle a war-driven resurgence in inflation
The closure of the Strait of Hormuz and ensuing jump in energy prices has dramatically altered the paths for central banks around the world. Source […]
BOE’s Greene Says Case for Rise in Key Interest Rate is Growing
The case for raising rates, which were left unchanged in April, grows stronger the longer the conflict in the Middle East continues, said Megan Greene. […]