The Economic Costs of War Drag Down Consumer Confidence
Americans are increasingly gloomy about the U.S. economy.
The Conference Board said Tuesday that its index of consumer confidence fell in May . It wasn’t all bad news, however. While views of the present situation fell, the outlook improved slightly. Views of labor market conditions and business conditions six months from now are still pretty dismal, but they improved a bit in May. The year-ahead inflation expectation measure also improved.
Last week’s consumer sentiment survey from the University of Michigan delivered a much bleaker picture of consumer views of the economy. Its index fell…
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