Michigan Consumer Sentiment Rises to 60.7; SP500 Tests Historic Highs

On June 27, 2025, the University of Michigan released the final reading of Michigan Consumer Sentiment report for June. The report indicated that Michigan Consumer Sentiment increased from 52.2 in May to 60.7 in June, compared to analyst forecast of 60.5.

Current Economic Conditions improved from 58.9 in May to 64.8 in June, while Index of Consumer Expectations increased from 47.9 to 58.1.

Year-ahead inflation expectations pulled back from 6.6% in May to 5.0% in June. Long-run inflation expectations decreased from 4.2% to 4.0% as consumers weighed the impact of tariffs.

The University of Michigan commented: “Despite June’s gains, however, sentiment remains about 18% below December 2024, right after the election; consumer views are still broadly consistent with an economic slowdown and an increase in inflation to come.”

U.S. Dollar Index remained under pressure as traders reacted to the better-than-expected Michigan Consumer Sentiment report. Currently, U.S. Dollar Index is trying to settle below the 97.15 level.

Gold settled near the $3270 level after the release of the report. Falling demand for safe-haven assets continues to put pressure on the price of gold.

SP500 tested historic highs as traders reacted to the encouraging consumer sentiment data.

For a look at all of today’s economic events, check out our economic calendar.