US Michigan Consumer Sentiment Index Rises to 60.5 in June, Inflation Expectations Drop Significantly

The preliminary University of Michigan Consumer Sentiment Index for June rose to 60.5, marking its first rebound in six months. One-year inflation expectations fell from 6.6% in May to 5.1%, while five-year expectations dropped from 4.2% to 4.1%, the lowest in three months. The survey indicated that concerns about the impact of tariffs have eased, but consumers remain cautious about the economic outlook.