U.S. consumer sentiment improved for the first time in six months in June as trade tensions between the U.S. and China eased, but households worried about the economy's trajectory. The rise in sentiment reported by the University of Michigan's Surveys of Consumers on Friday was,

Consumer sentiment has risen so far in June as the swirl of concerns related to President Donald Trump's tariffs have chilled.

The Consumer Price Index rose 2.4 percent in May, from a year earlier, a reading that reflects only the initial impact of President Trump’s tariffs.

The Federal Reserve is widely expected to hold interest rates steady next week, with investors focused on new central bank projections that will show how much weight policymakers are putting on recent soft data and how much risk they attach to unresolved trade and budget issues.

Trump’s tariffs and the latest trade deal with China continue to affect global markets. Follow along for live updates on the Dow, S&P 500 and Nasdaq.

The S&P 500 posted a 0.27% decline on Wednesday as investors weighed Trump’s scant-on-details trade deal with China as well as an inflation report that outperformed analysts’ expectations. The stock markets dropped on Wednesday despite a seemingly positive development in the trade war between the U.

The Federal Reserve is widely expected to hold interest rates steady next week, with investors focused on new central bank projections that will show how much weight policymakers are putting on recent soft data and how much risk they attach to unresolved trade and budget issues and an intensifying conflict in the Middle East.