US consumer confidence saw a slight uptick in June, buoyed by falling gasoline prices following a Middle East truce. However, this optimism is tempered by a noticeable weakening in labor market perceptions, with more people finding jobs difficult to secure, reaching a 5-1/2 year high. Consumers expect little improvement in job availability in the coming months.

Business confidence continues to improve as firms worry less about the Middle East conflict and the oil shock, and look ahead to improved sales and profits.

...while expectations rose to their highest of the year.

US consumer confidence saw a slight uptick in June, buoyed by falling gasoline prices following a Middle East truce. However, this optimism is tempered by a noticeable weakening…