Americans are more pessimistic about the U.S. economy than they’ve been in more than a decade, as inflation cancels out wage gains and the S&P 500 slides into bear market territory, the June IBD/TIPP Poll finds.
The IBD/TIPP Economic Optimism Index, an early monthly read on consumer confidence, sank 3.1 points to 38.1, the lowest reading since August 2011. CONTINUED
Jed Graham, Investor’s Business Daily
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