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US consumer sentiment rose by the most since January 2024 as concerns about the economy eased and short-term inflation expectations showed a marked improvement.
The preliminary June sentiment index rose 8.3 points from a month earlier to 60.5, according to the University of Michigan. The figure easily topped all expectations in a Bloomberg survey of economists.
Consumers expect prices to rise at a 5.1 percent rate over the next year, the data released on Friday showed. That is down from 6.6…
