Wednesday, July 01, 2026
Consumer Sentiment Rises But Still Close to Record Low
Lower gas prices in the wake of the end of most hostilities in Iran not only gave drivers some relief, but also likely inspired a boost in consumer sentiment. That sentiment rose to 49.5 this month, according to the University of Michigan’s final June sentiment index. That’s up from a record low point of 44.8 in May, the survey shows. While that showed improvement from the survey’s preliminary reading, Bloomberg reported it’s still the second-lowest rating since the 1970s. Consumers expect prices to
