MARKET DAILY

Market 06/25: Consumers pessimistic about economic outlook

69 billion USD 2Y T-Bond auction favorable -- Home prices continue to rise -- Fed Bowman: Still risk of rising inflation -- Economic reports from Fed regional offices.

Consumer confidence falls 100.4 (estimate: 100| previous month: 101.3 - downward revision -0.7) - according to Conference Board report.

Present situation improves but future expectations index continues to fall (hovering near decade-low)

In 7 of the last 8 months, data has been revised downward after initial estimates.

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