Consumer confidence unexpectedly fell in June to a three-month low, adding to signs of a more restrained pickup in the second-quarter economy. The Thomson Reuters/University of Michigan preliminary index of sentiment decreased to 81.2 from 81.9 in May. The median projection in a Bloomberg survey of 67 economists called for 83. Elevated fuel prices and limited wage gains are weighing on Americans’ moods and squeezing their pocketbooks even as employers add workers and cut back on firings. Figures yesterday showed retail sales cooled in May following an impressive three-month run, tempering the outlook for household ... (full story)