Overview

• The University of Michigan’s Consumer Sentiment Index rose to 61.8 in July from 60.7 in June, surpassing economists’ median forecast of 61.5.
• Year‐ahead inflation expectations fell to 4.4 percent from 5.0 percent in June and long‐term outlooks eased to 3.6 percent, both their lowest readings since February 2025.
• The Current Conditions Index climbed 3.1 points to 66.8, reflecting stronger confidence in current business conditions and labor markets.
• Consumers’ six‐month personal finance outlook increased modestly to 58.6 but remains substantially below year‐ago levels.
• Sentiment among high-wealth households remains depressed, sitting about 17 percent below its December 2024 level.