Latest inflation data shows consumer sentiment rose in June for first time this year

News Snapshot:

Customers wait in line for eggs at a Costco store in the Van Nuys section of Los Angeles on Wednesday, Feb. 19, 2025. (AP Photo/Richard Vogel, File) WASHINGTON — Consumer sentiment increased in June for the first time in six months, the latest sign that Americans’ views of the economy have improved as inflation has stayed tame and the Trump administration has reached a truce in its trade fight with China. The preliminary reading of the University of Michigan’s closely watched consumer sentiment index, released Friday, jumped 16 per cent to 60.5. The large increase followed steady drops that left...