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Consumer Sentiment Rebounds From All-Time Low -- But Experts Warn It’s Not Recovery Yet

3 weeks ago 25

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Consumer sentiment ticked up in June, with the Consumer Sentiment Index rising to 49.5 from May's all-time low of 44.8 — though it remains the second-lowest reading on record. Lower gas prices and a U.S. ceasefire with Iran offered some relief, but financial stress persists for many Americans, with the personal savings rate collapsing to just 2.6% and more than half of consumers saying high prices are still straining their budgets. David Stryzewski, CEO of Sound Planning Group joins Alicia Summers and says the modest bump in confidence does not signal a recovery, and with the Federal Reserve unlikely to cut rates soon, everyday Americans should brace for a prolonged period of adjustment before conditions meaningfully improve. Join this channel to get access to OAN Live & perks: https://www.youtube.com/channel/UCNbIDJNNgaRrXOD7VllIMRQ/join Visit us On OAN Live : https://live.oann.com/home.ktv Website: https://www.oann.com Facebook: https://www.facebook.com/OneAmericaNewsNetwork Twitter: https://twitter.com/OANN Instagram: https://www.instagram.com/one_america_news_ KlowdTV: Watch OAN Live on KlowdTV subscription prices start at $2.99 /mo https://klowdtv.com
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