U.S. consumer sentiment rises for first time this year as inflation remains tame

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Open this photo in gallery: Consumer confidence is divided by political outlook, however in June sentiments improved across both parties.Richard Vogel/The Associated Press 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 from 52.2 to 60.5. The large increase followed steady drops that left the preliminary number last...