Consumer sentiment reading rebounds to much higher level than expected as people get over tariff shock
1. Consumer sentiment index increased to 60.5, exceeding Dow Jones estimate of 54. 2. Inflation outlook shows a notable decrease amidst ongoing trade discussions. 3. High tariffs initially shocked consumers; optimism is recovering slightly. 4. Soft inflation data weakens pressure on Federal Reserve for immediate rate cuts. 5. Tariff impacts on prices still uncertain, creating ongoing economic concerns.