Americans Cheer! Inflation Fears Nosedive Fastest Since 2001

In a striking rebuke to gloom-and-doom inflation fearmongers and the partisan hysteria fueling flawed surveys, the University of Michigan just delivered a dose of reality: American consumer sentiment rose sharply in June, up more than eight points from May—the largest jump of the year. After Democrats, women, and low-income groups dominated headlines last month with irrational inflation panic (thanks to a heavily criticized and methodologically suspect May survey), the latest data shows those irrational fears moderating. Even inflation expectations have cooled dramatically—marking the biggest monthly improvement since 2001—despite relentless media shrieking over tariffs. With Democrat-run states still facing the highest price pressures, it’s no wonder their base is starting to acknowledge reality. Yet, while the data points toward a cautious optimism, core indicators reveal sluggish demand, warning of slowdown risks still ahead. Even Goldman Sachs has had enough of the political noise in these numbers, calling out their bias and failure to reflect real economic conditions.