Consumer Sentiment Tumbles In June, Reaches 7-Month Low: 'High Prices As Well As Weakening Incomes' Raise Concerns
Consumer Sentiment Tumbles In June, Reaches 7-Month Low: 'High Prices As Well As Weakening Incomes' Raise Concerns
Year-ahead inflation expectations remained steady at 3.3% this month, which is higher than the 2.3-3.0% range observed in the two years preceding the pandemic. Preliminary estimates from the University of Michigan indicate a sharper-than-expected decline in U.S. consumer confidence in June, reaching its lowest point in seven months.
密歇根大學的初步估計顯示，6月美國消費者信心出現了比預期更爲明顯的下降，達到了7個月來的最低點。
The survey also showed that inflation expectations remain largely unchanged, suggesting that the decreased consumer sentiment has not led to a perception of reduced price pressures in the coming years.
調查還顯示，通脹預期基本不變，表明降低的消費者情緒並未導致未來幾年價格壓力的認知降低。
University of Michigan Consumer Sentiment Report For June: Key Highlights
6月密歇根大學消費者情緒報告：主要亮點。
- The University of Michigan consumer sentiment index fell from 69.1 in May to 65.6, sharply missing Econoday's market consensus predictions of 73. It marks the lowest consumer morale since November 2023.
- The sub-index for consumer expectations eased from 68.8 to 67.6, below the expected 70.
- The sub-index for current conditions tumbled from 69.6 to 62.5, below the predicted 71.
- The year-ahead inflation expectations were unchanged at 3.1%. Long-term inflation expectations edged slightly higher from 3% to 3.1%.
- 密歇根大學的消費者情緒指數從5月的69.1下降到了65.6，大幅低於Econoday市場預估的73。這標誌着消費者士氣跌至2023年11月以來的最低點。
- 消費者預期的子指數從68.8下降到67.6，低於預期的70。
- 當前情況的子指數從69.6下跌到62.5，低於預測的71。
- 一年內的通脹預期持平於3.1%。長期通脹預期略微上升，從3%上升到3.1%。
Economist Takeaways
經濟學家的看法。
"Assessments of personal finances dipped, due to modestly rising concerns over high prices as well as weakening incomes. Overall, consumers perceive few changes in the economy from May," University of Michigan's Surveys of Consumers Director Joanne Hsu, said.
“由於對高物價和收入疲軟的擔憂略微上升，個人財務狀況的評估下降。總體而言，消費者認爲從5月以來經濟變化不大，”密歇根大學的消費者調查主任Joanne Hsu表示。
Year-ahead inflation expectations remained steady at 3.3% this month, which is higher than the 2.3-3.0% range observed in the two years preceding the pandemic.
本月，一年內的通脹預期保持穩定，爲3.3%，高於疫情前兩年觀察到的2.3-3.0%的區間。
Long-term inflation expectations slightly increased from 3.0% last month to 3.1% this month.
長期通脹預期從上個月的3.0%略微上升到了本月的3.1%。
Although long-term expectations have been notably stable over the past three years, they "remain elevated relative to the 2.2-2.6% range seen in the two years pre-pandemic," Hsu added.
雖然長期預期在過去三年中明顯穩定，但是它們“相對於疫情前觀察到的2.2-2.6%的區間仍然高企”，Hsu補充道。
Market Reactions
市場反應
Wall Street hovered in the red Friday, after major indices, such as the S&P 500 and the Nasdaq 100, hit record high closes on Thursday.
週五，華爾街在標普500指數和納斯達克100指數等主要指數週四創下歷史新高後收於紅色。
The SPDR S&P 500 ETF Trust (NYSE:SPY) fell following the report, extending the session decline to 0.4%. Small caps also witnessed a drop, with the iShares Russell 2000 ETF (NYSE:IWM) down 1.7% for the day.
報道公佈後，SPDR標普500 ETF信託基金（NYSE:SPY）下跌，當日下跌0.4%。小盤股也出現下跌，納斯達克100指數ETF（NYSE: IWM）當日下跌了1.7%。
Investors flocked to safe havens again, with the bond yields down across all maturities. The iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) rose 0.9%, and by 3.5% for the week, eyeing the strongest weekly performance since December 2023.
投資者再次湧向避險資產，各種債券期限的收益率均下跌。 iShares 20+ Year Treasury Bond ETF（NASDAQ:TLT）上漲了0.9%，本週漲幅達到3.5%，爲自2023年12月以來的最強周表現。
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Photo: Shutterstock
Photo: shutterstock
譯文內容由第三人軟體翻譯。