Tariff fears are behind those big swings in consumer confidence

A surge in the Conference Board’s Consumer Confidence Index for May made the preliminary numbers from a similar U of M survey look “far too negative,” one economist told clients Tuesday. Continue reading

Consumer sentiment is hurting, but economy hasn’t faltered

The University of Michigan Index of Consumer Sentiment slipped to 50.8 in May, its second lowest reading ever, as Americans fretted about tariffs, inflation and the job market. Continue reading