Wu said that the preliminary value of the June Consumer Confidence Index from the University of Michigan is 60.5, marking the first increase in six months. The one-year inflation expectation decreased from 6.6% in May to 5.1%, while the five-year expectation fell from 4.2% to 4.1%, the lowest in three months. The survey indicated that concerns about the impact of tariffs have eased somewhat, but consumers remain cautious about the economic outlook.