13-June-2026
Economy News
 
US Consumer Sentiment Pushes off Record Lows as Gasoline Prices Ease
13-Jun-2026

U.S. consumer sentiment bounced off record lows in early June as easing gasoline prices offered households some relief, though concerns about inflation stoked by the Middle East conflict lingered. Lower-income households led the broad improvement in sentiment reported by the University of Michigan's Surveys of Consumers on Friday. Gasoline prices have dropped from four-year highs over the past three weeks, according to data from motorist advocacy group AAA, as oil prices stayed below $100 a barrel despite a fragile ceasefire.

News Source:- https://money.usnews.com/investing/news/articles/2026-06-12/us-consumer-sentiment-improves-in-june