US Edition
Consumer sentiment rises for 1st time this year as inflation remains tame
UNITED STATES, JUN 20 – U.S. consumer sentiment rose 16% in June as inflation expectations dropped from 6.6% to 5.1%, reflecting easing tariff concerns and steady economic data, University of Michigan reports.
- The University of Michigan's consumer sentiment index rose 16% in June to 60.5, marking the first increase this year amid tame inflation.
- The rise followed a period of sharp tariff-related anxiety triggered by President Trump's wide-ranging trade war and steep tariffs announced in April.
- Sentiment improved across Republicans, Democrats, and independents as easing trade tensions and temporary agreements with China and the UK helped reduce concerns.
- Joanne Hsu noted that despite the persistent economic risks, consumers have gradually adjusted since the initial surprise caused by the sharply increased tariffs introduced in April and the uncertain trade policies that followed in the subsequent weeks.
- Although sentiment remains about 20% below December 2024, the drop in inflation expectations and steady labor market suggest cautious optimism ahead as the Fed plans to keep interest rates steady.
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130 Articles
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Roanoke Times+12 Reposted by 12 other sources
Consumer sentiment jumps 16% in survey
WASHINGTON — Consumer sentiment increased in June for the first time in six months, the latest sign Americans' views of the economy improved as inflation stayed tame and the Trump administration reached a truce in its trade fight with China.
Coverage Details
Total News Sources130
Leaning Left31Leaning Right12Center50Last UpdatedBias Distribution54% Center
Bias Distribution
- 54% of the sources are Center
54% Center
L 33%
C 54%
13%
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