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U.S. Consumer Sentiment Deteriorates Amid Concerns About Higher Tariffs

Consumer sentiment in the U.S. has deteriorated in the month of June, according to a report released by the University of Michigan on Friday, with the pullback in sentiment reflecting concerns about the impact of higher tariffs. The preliminary report said the consumer sentiment index fell to 97.9 in June from 100.0 in May, while economists had expected the index to dip to 98.0.
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