June final UMich consumer sentiment 85.5 vs 86.5 expected

Consumer sentiment data from the University of Michigan

• Prelim was 86.4
• Prior was 82.9
• Current conditions 88.6 vs 91.4 exp (90.6 prelim)
• Expectations 83.5 vs 83.8 exp (83.8 prelim)
• 1-year inflation 4.2% vs 4.1% exp (4.0% prelim)
• 5-10 year inflation 2.8% vs 3.8% prelim

The revision lower in the current conditions metric is the surprise here as consumers cool their enthusiasm as the reopening continues.