After a strong rebound in May, consumer confidence resumed its downward trend in June. Consumers remain concerned about the economy and labor market amid ongoing uncertainty, especially around tariffs. This month’s decline erased almost half of last month’s sharp gain, suggesting continued volatility in consumer sentiment. The Consumer Confidence Index, reported by the Conference Board… fell from 98.4 to 93.0 in June, the second lowest level since February of 2021. The Consumer Confidence Index consists of two components: how consumers feel about their present situation and their expected situation. The Present Situation Index decreased 6.4 points from 135.5 to 129.1, the lowest since October 2024; and the Expectation Situation Index dropped 4.6 points from 73.6 to 69.0. This is the fifth consecutive month that the Expectation Index has been below 80, a threshold that often signals a recession within a year.