Keeping you up to date on the latest data releases.
- Consumer Sentiment
According to the latest release from the University of Michigan, its Index of Consumer Sentiment slipped down from an index level of 74.3 in May to 71.8 in June, but remains up from 69.8 in April. Both the current conditions and expectations components decreased during the month. The current conditions component fell from 81.9 to 79.6 in June and is now below 80 for the first time since last October. Consumer expectations decreased from 69.5 to 66.8 in June as pessimism over future income and employment prospects grew. Median year-ahead inflation expectations edged down from 4.1 percent to 4.0 percent in June, while longer-term (5- to 10-year) median inflation expectations ticked up 0.1 percentage points to 3.0 percent.