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Consumer sentiment rises for 1st time this year as inflation remains tame

  • The University of Michigan's consumer sentiment index rose 16% in June 2025, marking the first increase in six months across the U.S.
  • This rise followed a period of steady declines linked to anxiety over Trump's high tariffs and ongoing trade policy uncertainty announced in April.
  • Sentiment improved among supporters of both major parties and independents, though overall confidence remains about 20% below December 2024 levels.
  • Consumers' inflation expectations dropped this month, easing concerns, while prices rose 2.4% year-over-year in May, slightly up from April's 2.3%.
  • The Federal Reserve is anticipated to maintain its main short-term interest rate around 4.3%, while economists caution that escalating tariffs could prolong economic uncertainty.
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NBC Chicago broke the news in Chicago, United States on Friday, June 13, 2025.
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