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E.J. Antoni: Consumer sentiment rises sharply as gas prices ease

E.J. Antoni: Consumer sentiment rises sharply as gas prices ease
Consumer sentiment rises as gas eases

E.J. Antoni highlights that gas prices play a critical role in the current economy. Consumer sentiment jumped last month to its highest level since before the Iran war began, with many Americans seeing some relief at the pump. Antoni notes that this improvement was observed across political parties, age groups, and income brackets.

Antoni recently noted that ADP private payroll growth slowed, with the four-week moving average dropping to 19,750 per week for the period ending June 27 according to ADP data. He also reported that U.S. debt surpassed $39.66 trillion after a $72 billion increase in one day, as Treasury yields climbed to yearly highs amid rising annual interest. These updates follow Antoni’s continued attention to shifts in economic indicators.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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