Keeping you up to date on the latest data releases.
Final numbers show that the University of Michigan’s Index of Consumer Sentiment has risen to 84.1 from the preliminary 82.7 posted earlier in June. Both of the components— Current Economic Conditions and the Index of Consumer Expectations—contributed to the intramonth gain. June’s final reading was revised up from the preliminary report, but has edged down 0.4 from the five-year high of 84.5 in May.
As for inflation expectation revisions, consumers now expect a year-ahead inflation rate of 3.0 percent down from 3.2 percent, and a longer-term (five- to ten-year) rate of 2.9 percent down from 3.0 percent.