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Consumer sentiment rises for 1st time this year as inflation remains tame
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FILE - Customers wait in line for eggs at a Costco store in the Van Nuys section of Los Angeles on Wednesday, Feb. 19, 2025. - photo by AP Photo/Richard Vogel, File
WASHINGTON (AP) — Consumer sentiment increased in June for the first time in six months, the latest sign that Americans’ views of the economy have improved as inflation has stayed tame and the Trump administration has reached a truce in its trade fight with China. The preliminary reading of the University of Michigan’s closely watched consumer sentiment index, released Friday, jumped 16% from 52.2 to 60.5. The large increase followed steady drops that left the preliminary number last month at the second-lowest level in the nearly 75-year history of the survey.