Consumer sentiment rose 1.6% in June to 61.7, according to the University of Michigan Survey of Consumers. This represents a 7.1% decline year over year. “Consumer sentiment improved for the second straight month, inching up a scant single index point from June,” according to Joanne Hsu, Survey of Consumers director. “Current conditions rose about 5% to its highest reading since February 2025, while the expectations index fell slightly. A rise in sentiment among stock holders was partially offset by a decline among consumers who do not own stocks. Perceptions of this month’s economic developments were similar across ... (full story)