Consumer Optimism Stalls At Its Lows for a Third Month

Consumer sentiment held near its lows in June as the RealClearMarkets/TIPP Economic Optimism Index, the first monthly reading of U.S. consumer confidence, edged down to 42.5 from 42.6 in May, a marginal 0.1-point (0.2%) decline. The reading marks a third straight month near April’s lows, confirming that the index has settled into a holding pattern at a depressed level rather than rebounding.