U.S. Consumers Not Optimistic on Labor, Rupkey Says

U.S. Consumers Not Optimistic on Labor, Rupkey Says Play

May 29 (Bloomberg) -- Chris Rupkey, chief financial economist at Bank of Tokyo-Mitsubishi UFJ, talks about data on U.S. consumer confidence released today. Consumer confidence unexpectedly dropped in May for a third consecutive month. The New York-based Conference Board’s sentiment index fell to 64.9 this month, the lowest level since January, from April’s reading of 68.7, the research group said. (Source: Bloomberg)

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