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US consumer confidence improves in June
The Consumer Sentiment Index in the United States continued to improve in June, according to a final monthly report published by the University of Michigan on Friday. The index surged 16.3% on a monthly basis, standing at 60.7, while it declined 11% on an annual level. At the same time, the Current Economic Conditions Index marked a jump of 10% in the reported period compared to May and slipped 1.7% compared to June 2024, standing at 64.8 points. The Index of Consumer Expectations skyrocketed 21.3% on a monthly basis, amounting to 58.1, but it tumbled 16.5% on a yearly basis. "Consumer sentiment surged 16% from May ... (full story)
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UMich Confidence Jumps As Inflation Fears Plunge Most Since 2001
Following this morning's very modest rise in Core PCE (coming just a couple of weeks after CPI disappointed the Trump Tariff infation fear-mongers once again) and a month since the UMich survey found that "Women, Democrats, & Low-Income Americans Are Out Of Their TDS-Addled Minds", and one week after Goldman finally called out the idiocy of the UMich survey, slamming its "partisanship" and the "sample design break starting from June 2024"... not to mention that it has been chronically wrong, warning that "Michigan inflation expectations have already risen even more than in 2022 and this time long-term expectations ... (full story)
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