inflation, Consumer sentiment
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Pessimistic readings from the University of Michigan survey are at odds with economic trends. A change in methodology may be partly to blame.
The economic vibes are improving, with consumers' inflation expectations falling last month for the first time in 2025. On Wednesday, CPI was also cool.
Consumer sentiment picked up in June, after recent dire readings, a new University of Michigan survey showed. A preliminary reading for June came in at 60.5. That was up from 52.2 in May, and higher than the 54.
Inflation expectations are elevated, but the sharp drop in May shows consumers, like investors, starting to some improvements in their outlooks.