June 15th, 2025
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The resurgence in consumer confidence observed in June, marking a precipitous climb after a six-month nadir, evinced a palpable amelioration in economic sentiment, attributable to both the stabilisation of inflationary pressures and the Trump administration's orchestration of a temporary détente in trade relations with China; however, this preliminary Michigan Consumer Sentiment Index reading, while registering a substantial 16% surge from 52.2 to 60.5, remained conspicuously depressed, languishing 20% below the levels recorded in December 2024, a disparity precipitated, in part, by the fact that extant US tariff levels, though temporarily assuaged by the postponement of levies on approximately sixty nations and the aforementioned Sino-American trade armistice, still represent a historically elevated burden with potentially deleterious macroeconomic repercussions in the coming months; notwithstanding this overarching improvement, a pronounced partisan divergence in consumer confidence persisted, with Republican adherents exhibiting considerably more sanguine economic appraisals under the Trump aegis, though this month witnessed a generalised uplift encompassing both parties and independents, a development potentiating a positive assessment by the Federal Reserve at its forthcoming convocation, given the concomitant moderation of consumer inflation expectations.
June 15th, 2025
US Student Loan Repayments Threaten Millions of Credit Scores
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**Mega Battery Plant on Hold Amid EV Market and Tariff Volatility**
**Mega Battery Plant on Hold Amid EV Market and Tariff Volatility**
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