financetom
Economy
financetom
/
Economy
/
US consumer confidence ebbs in May as inflation worries mount
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
US consumer confidence ebbs in May as inflation worries mount
May 26, 2026 7:45 AM

WASHINGTON, May 26 (Reuters) - U.S. consumer confidence eased in May as worries about inflation linked to the war with Iran intensified, offsetting an improvement in households' perceptions of the labor market, a survey showed on Tuesday.

The Conference Board said its consumer confidence index slipped 0.7 points to 93.1 this month. Data for April was revised higher to show the index at 93.8 instead of 92.8. Economists polled by Reuters had forecast the index would drop to 92.0.

"Consumer confidence edged downward in May as the inflationary impacts of the war in the Middle East intensified," said Dana Peterson, chief economist at the Conference Board.

"References to prices and oil and gas increased in frequency for a second consecutive month, while mentions of war, geopolitics, and conflict remained elevated - likely signaling consumers' underlying concerns about the inflationary impacts of the war in the Middle East on their wallets."

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Trump says he would like to see the Federal Reserve lower interest rates
Trump says he would like to see the Federal Reserve lower interest rates
Mar 24, 2025
WASHINGTON (Reuters) -President Donald Trump urged the Federal Reserve on Monday to lower interest rates after the U.S. central bank last week kept them unchanged. I'd like to see the Fed lower interest rates, Trump said during a meeting with his cabinet at the White House. ...
February Chicago Fed National Activity Index Rebounds Unexpectedly
February Chicago Fed National Activity Index Rebounds Unexpectedly
Mar 24, 2025
08:37 AM EDT, 03/24/2025 (MT Newswires) -- The Chicago Federal Reserve Bank's monthly National Activity Index rebounded to a reading of 0.18 in February from minus 0.08 in January, compared with expectations for a decrease to minus 0.17 in survey of analysts compiled by Bloomberg as of 7:35 am ET. The three-month moving average rose to 0.15 from 0.07. Of...
Atlanta Fed's Bostic now sees only one rate cut this year
Atlanta Fed's Bostic now sees only one rate cut this year
Mar 24, 2025
WASHINGTON (Reuters) - Atlanta Federal Reserve President Raphael Bostic said he anticipates slower progress on inflation in coming months and as a result now sees the Fed cutting its benchmark interest rate only a quarter of a percentage point by the end of this year. With less progress on inflation and businesses expected to add the cost of coming tariffs...
US business activity rises in March, but sentiment deteriorates further
US business activity rises in March, but sentiment deteriorates further
Mar 24, 2025
WASHINGTON (Reuters) - U.S. business activity picked up in March, but growing fears over import tariffs and deep government spending cuts continued to weigh on sentiment and prospects for the rest of the year. The survey from S&P Global on Monday also showed a measure of prices paid by businesses for inputs surging this month to the highest level in...
Copyright 2023-2026 - www.financetom.com All Rights Reserved