The Conference Board's U.S. consumer confidence index inched up to 91.2 in June from a downwardly revised 90.6 in May, falling short of economists' forecast of 94.8. The present situation index declined to 116.4 from 119.4, while the expectations index rose to 74.4 from 71.4. Chief Economist Dana M. Peterson noted that falling oil prices provided some relief to inflation fears, but perceptions of the current labor market softened measurably, with the share of consumers saying jobs are hard to get reaching 22.5%, the highest since January 2021.