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U.S. consumer confidence dips in May

Summary by Ground News
The Conference Board said Tuesday that its consumer confidence index dipped to 106.4 in May. The Federal Reserve raised its main borrowing rate by a half point in early May, the main mechanism for combatting inflation. The meeting Tuesday will be the first since Biden renominated Powell to lead the central bank.

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  • 63% of the sources are Center
63% Center
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MY Northwest broke the news in Tacoma, United States on Tuesday, May 31, 2022.
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