US Consumers Less Giddy As Stimulus Wanes

Consumer confidence posted a slight miss for May on the Conference Board's gauge, perhaps underscoring the inflation fears evident in the preliminary read on the University of Michigan survey. At 117.2, the headline index missed the median estimate (118.8). 2021's data was revised. The revisions are reflected in the figure (below). "After rebounding sharply in recent months, US consumer confidence was essentially unchanged in May," Lynn Franco, Senior Director of Economic Indicators at The Con