The Conference Board Consumer Confidence Index fell -5.4 pts to 93.0 (vs 99.4 expected) in June, reversing nearly half of May’s rebound and driven by weaker views of both current conditions and future expectations.

• The Present Situation Index declined -6.4 pts to 129.1, as views on business conditions and job availability softened.
• The Expectations Index dropped -4.6 pts to 69.0, remaining well below the recession-warning threshold of 80.
• Average 12-month inflation expectations eased to 6.0%, down from 6.4% in May and 7.0% in April.
• 45.6% of consumers expect stock prices to rise in the next year, up from 37.6% in April; 57% expect interest rates to rise, the highest since Oct 2023.
• Plans to purchase cars held at the highest level since Dec 2024, while home buying plans declined and intentions to purchase services weakened.