U.S. consumer sentiment weakened in June and long-term inflation expectations dropped to the lowest on record as the outlook for the economy dimmed amid President Donald Trump's stepped-up trade war. The University of Michigan's preliminary sentiment index fell to 97.9 from 100 in May, slightly undershooting the median forecast in a Bloomberg survey of economists. The gauge of current conditions increased to 112.5 and the expectations index dropped to 88.6, according to the report Friday. Key Insights The decline in sentiment suggests Trump's decision to increase levies on imports from China and slowing job gains are ... (full story)