US Consumer Sentiment Drops in May Amid Inflation and Job Concerns
TL;DR Summary
The University of Michigan's final consumer sentiment for May is 69.1, slightly above the preliminary 67.4 but below last month's 77.2. Inflation expectations for one year are at 3.3%, down from the preliminary 3.5%, while five-year expectations are at 3.0%. US yields have slightly decreased, and stock indices have risen, with the NASDAQ up 0.50% and the S&P up 0.40%.
- University of Michigan consumer sentiment versus 69.1 estimate. Preliminary 67.4 ForexLive
- US Consumers Tempered Inflation Expectations in Late May Bloomberg
- U.S. consumer sentiment darkens in May on worries of higher inflation MarketWatch
- Americans Are Getting More Worried About Losing Their Jobs Newsweek
- US consumer sentiment falls further in May: UMich Survey Yahoo Finance
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