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Brexit sours economic outlook for U.S. consumers

July 15, 2016 In The News 1 min read
Authors:
Jim Baird Wealth Management

Americans took a dimmer outlook on the economy this month due largely to the UK's vote to leave the EU, though their impression of the current state of the economy remained solid.

The University of Michigan said Friday its monthly index of consumer sentiment fell 4.3 percent to a reading of 89.5 in July, the second-lowest level of the year. Economists look at consumer sentiment because when households feel better about the economy, they typically spend more, boosting economic growth.

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