Consumer Confidence Surges to 4-Month Peak as Inflation Fears Ease
US consumer sentiment jumped to a 4-month high of 60.7 in June, marking the largest monthly increase since early 2024.
The improvement was driven by better inflation expectations, with consumers now expecting prices to rise 5% over the next year (down from 6.6% in May).
Long-term inflation expectations also fell to 4%. Despite the gains, sentiment remains below year-start levels, and 57% of consumers still expect unemployment to rise.
The survey suggests consumers feel their worst economic fears may not materialize, though concerns about tariffs and their potential impact on prices and employment persist.
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