After reaching all-time record lows in May, analysts expected UMich's Sentiment index to rebound modestly in preliminary June data and it did, up from 44.8 to 48.9 (well above 46.0 exp), with consumers experiencing some relief due to the early-month easing in gasoline prices.
Source: Bloomberg
"This measured improvement in sentiment was widespread, seen across age, education, and political party," said Surveys of Consumers Director Joanne Hsu, adding that "lower-income consumers exhibited a particularly strong sentiment increase, consistent with the fact that gasoline comprises a larger share of their budgets."
Well that will wreck the Democrats narrative...
Inflation expectations dropped in this early June data...
Once again we are confused because while the headline UMich inflation expectation over the next year declined, all political parties saw higher expectations (and Independents now have a higher inflation expectation that Democrats while Republican expectations are rising)...
Are they just making this shit up?
Tyler Durden Fri, 06/12/2026 - 10:11The Kennedy Center’s board of trustees voted Thursday to challenge a federal judge’s order requiring President Donald Trump’s name to be removed from the performing arts center.
According to court filings, the board formally appealed US District Judge Christopher Cooper’s ruling just before the court-imposed deadline for removing Trump’s name from the building and related materials.
Earlier Thursday, the board also voted to seek a stay of Cooper’s order, according to two individuals familiar with the meeting who spoke to The Washington Post.
To obtain a stay, attorneys for the center must demonstrate a likelihood of success on appeal and argue that removing Trump’s name would cause irreparable harm.
The dispute stems from Cooper’s earlier ruling against the Trump administration and the Kennedy Center board.
The judge ordered Trump’s name removed from the exterior of the building, the center’s website, merchandise and other materials associated with the institution. Cooper also blocked a planned two-year closure for renovations, finding the move unlawful.
The court had given the Kennedy Center until June 12 to comply with the order.
Cooper sided with Rep. Joyce Beatty, D-OH, an ex officio member of the board who challenged the decision to rename the center.
The judge concluded that Congress established the institution as a living memorial to President John F. Kennedy following his assassination and that the board lacked the authority to alter that designation.
Before filing its appeal, Kennedy Center officials indicated they would comply with the court’s order while weighing further legal action.
“We are complying with the court’s order while evaluating all legal options to preserve this revitalization and recognize President Trump’s leadership,” Roma Daravi, the center’s vice president of public relations, previously said.
The center has already removed Trump’s name from several official platforms, including its website, YouTube channel and invitations to its annual honors ceremony.
However, references to Trump remained visible Thursday on the Kennedy Center’s Instagram, Facebook and X social media accounts.
Tyler Durden Fri, 06/12/2026 - 10:00