US consumer confidence gains amid lower fuel costs

American consumer sentiment increased in June, supported by a decline in gasoline prices that fell by more than 60 cents per gallon, helping to ease inflationary pressures on households. Although confidence remains at its lowest level since the 1970s, the sentiment index rose to 49.5 points, and inflation expectations over the short and medium term also increased, amid ongoing economic challenges caused by rising costs and budget pressures.

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