Published 2 years ago

U.S. consumer confidence dips in May

Summary by Ground News

The Conference Board said Tuesday that its consumer confidence index dipped to 106.4 in May. The Federal Reserve raised its main borrowing rate by a half point in early May, the main mechanism for combatting inflation. The meeting Tuesday will be the first since Biden renominated Powell to lead the central bank.

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Reuters

Rising cost of living hurts U.S. consumer confidence; house prices soar

U.S. consumer confidence eased modestly in May as persistently high inflation and rising interest rates force Americans to become more cautious about buying big ticket items, including motor vehicles and houses, which could curtail economic growth.

2 years ago·United Kingdom

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Associated Press News

US consumer confidence slips in May

U.S. consumer confidence edged lower for the second consecutive month as Americans' view of their present and future prospects dimmed in the midst of persistent inflation.

2 years ago·United States

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abc News

US consumer confidence slips in May amid stubborn inflation

U.S. consumer confidence edged down in May as Americans’ view of their present and future prospects dimmed in the midst of persistent inflation

2 years ago·United States

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KRDO

US consumer confidence slips in May amid stubborn inflation

By MATT OTT AP Business WriterSILVER SPRING, Md. (AP) — U.S. consumer confidence edged down in May as Americans’ view of their present and future prospects dimmed in the midst of persistent inflation. The Conference Board said Tuesday that its consumer confidence index dipped to 106.4 in May from 108.6 in April. The business research group’s present situation index, which measures consumers’ assessment of current business and labor conditions, a…

2 years ago·Colorado Springs, United States

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KIFI

US consumer confidence slips in May amid stubborn inflation - Local News 8

By MATT OTT AP Business WriterSILVER SPRING, Md. (AP) — U.S. consumer confidence edged lower in May as Americans’ view of their present and future prospects dimmed in the midst of persistent inflation.The Conference Board said Tuesday that its consumer confidence index dipped to 106.4 in May — still a strong reading — from 108.6 in April. The business research group’s present situation index, which measures consumers’ assessment of current busin…

2 years ago·Idaho Falls, United States

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IBTimes

Consumer Confidence Dips Again In May As Inflation Darkens Outlook For US Economy

Consumer confidence in the U.S. economy dipped slightly in May as more Americans continue to express pessimism about inflation's toll on business conditions.

2 years ago·United States

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