Economic Report: U.S. consumer sentiment rebounds in June

The numbers: After hitting a pandemic high in April, and falling precipitously in May  the University of Michigan’s index of consumer sentiment  rebounded in June. The University of Michigan’s gauge of consumer sentiment rose to a preliminary June reading of 86.4 from a final May reading of 82.9. Economists polled by the Wall Street Journal has forecast a reading of 84.4.

What happened: A sub-index that measures how consumers feel about the economy right now rebounded somewhat, likely due to rapid job gains in recent month. Rising inflation fears are still weighing on Americans, leaving Americans feeling significantly more confident that earlier this year Big picture: Americans are feeling the benefits of a relatively strong recover as more than 1 million jobs in the past three months, but they are still concerned about the prospect of runaway inflation. Market reaction: The Dow Jones Industrial Average
DJIA,
-0.09%
edged down into negative territory after the report.

                  

Reply

Investing for Retirement

Retirement may be a long way off for you – or...

Long Term Investments for the Future

If you are ready to invest money for a future event,...

Understanding Bonds

There are certain things you must understand about bonds before you...

How Much Money Should You Invest?

Many first time investors think that they should invest all of...