Economic Affairs Latest News: Consumer Sentiment Slips Slightly in Early July

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Economic Affairs Latest News: Consumer Sentiment Slips Slightly in Early July

Economic Affairs Latest News: Consumer Sentiment Slips Slightly in Early July
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Economic Affairs Latest News: Consumer Sentiment Slips Slightly in Early July

by Wochit 1:13 mins

Consumer sentiment waned slightly in early July, as Americans were more optimistic about current economic conditions than they have been in six years. Data from the US central bank showed foreign central banks' overall holdings of U.S. marketable securities at the Federal Reserve fell in the last week. The Fed said its holdings of U.S. securities kept for overseas central banks fell $3.11 billion in the week ended July 10, to stand at $3.3 trillion. Overseas central banks, particularly those in Asia, have been huge buyers of U.S. debt in recent years and own more than a quarter of marketable Treasuries. China and Japan are the biggest foreign holders of Treasuries. Uncertainty about how well the Federal Reserve's unconventional policy tools will work means using them more aggressively would not necessarily bring U.S. unemployment and inflation back to normal levels more quickly, a top Fed official said.

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