US DATA: June Conf Bd Consumer Confidence 62.0 vs 64.4r May as
income expecations fell and hurt the short-term outlook (mkt expected 63
overall index). Expectations 72.3 vs 77.3; Present Situation 46.6 vs
44.9. Conf Bd says this suggests “little change in the pace of econ
activity in the near term.” Buying plans for homes rose, but fell for
appliances & vacations, and stagnated for autos. 1y inflation rate is
expected at 5.3% vs 5.6% in May as gas prices fell. Confidence fell in
NE, central and West areas. Jobs hard to get 41.5 vs 40.9; Jobs
plentiful 7.8 vs 7.5.