US Consumer Sentiment Climbs as Inflation Expectations Improve

US consumer sentiment rose sharply in June to a four-month high and inflation expectations improved notably as concerns eased about the economic outlook and personal finances.

The final June sentiment index increased to 60.7 from 52.2 a month earlier, according to the University of Michigan. The 8.5-point increase was the largest since the start of 2024. The median estimate in a Bloomberg survey of economists called for no change from the preliminary reading of 60.5.

“The improvement was broad-based across numerous facets of the economy,” Joanne Hsu, director of the survey, said in a statement. “With the recent moderation ...