US UoM consumer sentiment rises to 61.8, inflation expectation eases

US consumer sentiment improved in July, with the University of Michigan index rising from 60.7 to 61.8 — the highest reading since February. The gains were broad-based, as both Current Conditions Index and Expectations Index ticked up to 66.8 and 58.6 respectively. Inflation expectations, however, showed a more meaningful shift. Year-ahead inflation expectations dropped sharply […]

The post US UoM consumer sentiment rises to 61.8, inflation expectation eases appeared first on Action Forex.