Consumer Confidence Retreats in July
Jul 28, 2020•12 min•Season 3Ep. 19
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Episode description
Large declines were experienced in Michigan, Florida, Texas and California, a result of the resurgence of COVID-19. Looking ahead, consumers have grown less optimistic about the short-term outlook for the economy and labor market and remain subdued about their financial prospects. Such uncertainty about the short-term future does not bode well for the recovery, nor for consumer spending.
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