Gas Spike Pushes U.S. Consumer Mood to Fresh May Low
TL;DR Summary
A University of Michigan survey shows consumer sentiment fell to 48.2 in early May, a fresh low driven by surging gas prices amid Middle East tensions and ongoing inflation fears, with the expectations index nudging higher and the near-term inflation outlook easing slightly even as unemployment remains solid and energy costs stay elevated.
- Consumer sentiment falls to fresh record low in May as surging gas prices hit outlook CNBC
- Consumer sentiment declines to another new record low as Americans fret over Iran war CNN
- US Consumer Sentiment Declines to Record Low on Inflation Angst Bloomberg.com
- Economic Pessimism Hits Another All-Time High Thanks To Soaring Gas Prices Forbes
- Gloom deepens for consumers in early May due to high gas prices MarketWatch
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