U.S. Consumer Sentiment Weaker Than Forecast on Tariffs

Consumer sentiment weakened in the latter part of June on concerns about the economic impact of a trade war, according to a University of Michigan survey on Friday that also showed a pickup in inflation expectations.

While sentiment remains high by historical standards, with survey respondents still upbeat about the job market and incomes, there’s uncertainty surrounding U.S. tariffs on certain foreign imports and the threat of more.