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2026-05-26 22:31:58
[US Consumer Confidence Weakens Amid Inflation Concerns] US consumer confidence dipped slightly in May, as consumer sentiment regarding the current economic situation declined due to rising prices triggered by the Iran war. The Conference Board Consumer Confidence Index fell 0.7 points to 93.1 in May. The measure of current conditions declined 3.2 points to 121.2 in May, while the measure of expectations for the next six months rose to 74.4. The report further confirms growing anxiety among US consumers about the high cost of living. While the labor market remains generally stable and there are few signs of large-scale layoffs, the recent surge in fuel prices is particularly challenging for low-income families.
