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Benzinga
Benzinga
Business
Wayne Duggan

US Consumer Confidence Is Falling: What It Means For Investors

United States Jeffrey Roach Economy Inflation ETF US Federal Reserve

Persistently elevated inflation and a slowing economy are taking their toll on U.S. consumer confidence, and it could spell bad news for the SPDR S&P 500 ETF Trust (NYSE:SPY).

What Happened? U.S. consumer confidence dropped to a three-month low in May, according to the Consumer Confidence Survey. The Consumer Confidence Index dropped to 106.4 in the month, down from 108.6 in April.

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