Headline Index Holds Near April Lows as Financial Stress Drops 5.5%; Federal Policies Confidence Unchanged
Consumer sentiment held steady in May as the RealClearMarkets/TIPP Economic Optimism Index, the first monthly reading of U.S. consumer confidence, edged down to 42.6 from 42.8 in April, a marginal 0.2-point (0.5%) decline. After April’s sharp drop, May’s near-flat reading suggests the index has settled into a holding pattern rather than continuing to deteriorate.
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