US: Consumer Sentiment is expected to reveal an erosion of confidence - TDS

Research Team at TDS, suggests that the preliminary reading on June’s University of Michigan Consumer Sentiment is expected to reveal an erosion of confidence from the final reading in May.

Key Quotes

“TD is forecasting the index to slide from 94.7 to 93.5, representing a downside risk to the market consensus of 94.0 as consumers digest the impact of the poor employment report from last week and a more downbeat tone from the Fed.”