Easing Gas Prices Lift Consumer Sentiment From All-Time Low

Preliminary June University of Michigan consumer sentiment improved by about 4 index points, or 9%, from May as gas prices eased. The data point suggests slightly better household sentiment and some relief from energy costs, but the market impact is likely limited because the move is modest and preliminary.

Analysis

Preliminary June University of Michigan consumer sentiment improved by about 4 index points, or 9%, from May as gas prices eased. The data point suggests slightly better household sentiment and some relief from energy costs, but the market impact is likely limited because the move is modest and preliminary.