US consumer sentiment weakened slightly in May, remaining near the depressed levels last seen during the 2022 inflation shock as households continued expressing concern about high prices and deteriorating buying conditions. The University of Michigan Consumer Sentiment index fell from 49.8 to 48.2, while the Current Economic Conditions index dropped sharply from 52.5 to 47.8. […]
The post US UoM Consumer Sentiment Falls to 48.2, Near 2022 Lows as Inflation Concerns Persist appeared first on ActionForex.
