Consumer Sentiment Rises Amid Trade Truce, Low Inflation
Reading
Consumer mood in the US got better in June. It is the first rise in six months for Americans. This shows people feel better about the economy now.
The University of Michigan has a survey about how people feel. The survey result went up a lot, by 16 percent. But the feeling is still lower than in December 2024.
The survey director said people are calmer now. They are not as worried about the tariffs from April. But people still think there could be problems with the economy.
People were worried about the economy after Trump put tariffs on China. Trump also put tariffs on Europe and other countries. But in April, Trump stopped some tariffs, and made a deal with China.
Another survey, from The Conference Board, also went up. This happened after it went down for five months. The price of things went up a little in May, but not too much.
Questions
What happened to consumer mood in the US in June?
Consumer mood got better in June, which is the first rise in six months.
What did the University of Michigan survey show?
The survey result went up a lot, by 16 percent, but it is still lower than in December 2024.
Why were people worried about the economy?
People were worried because of tariffs that Trump put on China and other countries.
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