U Mich preliminary June consumer sentiment 94.5 vs 97.1 expected

U Mich consumer sentiment

• Prior was 97.1
• Expectations 84.7 vs 87.5
• Conditions 109.6 vs 111.7
• 1-year inflation expectations 2.6% vs 2.6% prior
• 5-year inflation expectations 2.6% vs 2.4% prior

Consumers are starting to say, "where are the good jobs and tax breaks I was promised"