Industry News

Inflation expectations among American consumers have slightly eased, offering a positive sign for the Federal Reserve as it attempts to manage persistent price pressures. The University of Michigan's preliminary consumer sentiment index showed that one-year inflation expectations dropped to 3.1% in June, down from 3.3% the previous month. This shift marks the lowest level since March and aligns more closely with the Fed’s long-term inflation target of 2%. Meanwhile, five-year inflation expectations also edged lower to 3.0%, down from 3.1%.