Michigan Consumer Sentiment Rises To 60.5; SP500 Drops Below 6000

On June 13, 2025, the University of Michigan released Michigan Consumer Sentiment Report for June. The report indicated that Consumer Sentiment increased from 52.2 in May to 60.5 in June, compared to analyst forecast of 53.5.

Current Economic Conditions increased from 58.9 in May to 63.7 in June, while Index of Consumer Expectations improved from 47.9 to 58.4.

Year-ahead inflation expectations pulled back from 6.6% in May to 5.1% in June, while long-run inflation expectations decreased from 4.2% to 4.1%. The report showed that both readings were the lowest in three months.

The University of Michigan commented: “Consumers appear to have settled somewhat from the shock of the extremely high tariffs announced in April and the policy uncertainty seen in the weeks that followed.”

U.S. Dollar Index continued to move away from session highs as traders reacted to Michigan Consumer Sentiment report. Currently, U.S. Dollar Index is trying to settle below the 98.20 level.

Gold has also pulled back from session highs and is trying to settle below the $3430 level. Most likely, Consumer Sentiment data will not have a material impact on gold markets as traders focus on Israel – Iran conflict.

SP500  pulled back below the 5990 level after the release of the better-than-expected Consumer Sentiment data.

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