MW: U.S. consumer sentiment rises to 4-month high on easing inflation and end to debt-ceiling fight
Consumer-sentiment index climbs to 63.9 in June from 59.2
The numbers: Consumer sentiment rose in June to a four-month high of 63.9 as inflation eased and Washington ended the latest debt-ceiling fight, but Americans still expect difficult times ahead.
The index, produced by the University of Michigan, rose from 59.2 in May.
The consumer-sentiment survey reveals how consumers feel about their own finances as well as the broader economy.
Sentiment is far below a recent peak of 88.3 in 2021 and a prepandemic high of 101. The index dropped to an all-time low of 50 last summer.
Key details: A gauge that measures what consumers think about the current state of the economy increased to 68.0 from 64.9 in May.
A measure that asks about expectations for the next six months moved up to 61.3 from 55.4 in May.