Commentary
Could a small reprieve from inflation be on the horizon?
Sagging consumer confidence and excess inventory could very much push the prices of some goods lower, with retail giants warning that their profit margins will be cut heading into the important fall shopping season.
The Conference Board, which measures the temperature of the U.S. consumer market, said its national consumer confidence index for June fell to 98.7 from 103.2 in May. A rating of 100 reflects the market of 1985. Its consumer expectation index, which is a measure of future near-term expectations on jobs growth and the economy, fell to an almost 10-year low of 66.4….