WASHINGTON — Worries about rising interest rates and falling stock prices hit U.S. consumer sentiment in early July, while other data showed a firm rise in wholesale prices that could make the U.S. Federal Reserve more comfortable reducing its monetary stimulus.
The Thomson Reuters/University of Michigan’s preliminary reading for its index of U.S. consumer sentiment edged down to 83.9 from 84.1 in June. The reading, released on Friday, fell short of forecasts.
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