The latest data from The Conference Board reveals a slight dip in the Consumer Confidence Index® for June, with the index decreasing to 100.4 from May's 101.3. Despite this decline, the Present Situation Index, which evaluates current business and labor market conditions, improv ...
The U.S. Federal Reserve is currently in a holding pattern, seeking more evidence of cooling inflation. The minutes from the June 12 Federal Open Market Committee (FOMC) meeting highlight a divide among officials on how long to maintain elevated interest rates.