US consumer confidence rebounds after five straight months of declines amid tariff anxiety
Headline from WDIO Duluth
Americans’ views of the economy improved in May after five straight months of declines sent consumer confidence to the lowest level since the onset of the COVID-19 pandemic, largely driven by anxiety over the impact of President Donald Trump’s tariffs.
WDIO Duluth's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
Americans’ views of the economy improved in May after five straight months of declines sent consumer confidence to the lowest level since the onset of the COVID-19 pandemic, largely driven by anxiety over the impact of President Donald Trump’s tariffs.
Consumer confidence rose 12.3 points in the Consumer Confidence Index, with improved views on business climate and expectations as President Donald Trump pursues trade deals with tariffs paused.
Consumer confidence in the U.S. rebounded in May, driven by improved expectations for business, employment and income, despite ongoing tariff and inflation concerns.
The Conference Board said Tuesday that its consumer confidence index rose 12.3 points in May to 98, up from April’s 85.7, its lowest reading since May 2020.
