Rising cost of living hurts U.S. consumer confidence; house prices soar - Reuters

U.S. consumer confidence eased modestly in May as persistently high inflation and rising interest rates force Americans to become more cautious about buying big ticket items, including motor vehicles and houses, which could curtail economic growth.

WASHINGTON, May 31 (Reuters) - U.S. consumer confidence eased modestly in May as persistently high inflation and rising interest rates force Americans to become more cautious about buying big ticket … [+5203 chars]

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