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A new survey showed that consumer sentiment has shown great improvement over the last few months ending June with a high near 82.7. Richard Curtin, the surveys director indicated that the increase in mortgage rates and fall in stock prices have not negatively changed consumer opinion about the economy. “To be sure, few high or low income consumers expect the economy to post robust gains or think the unemployment rate will drastically shrink during the year ahead,” Curtin said. More here
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