Consumer Sentiment Collapses as Iran Conflict Fuels Inflation Fears

The University of Michigan's Consumer Sentiment Index fell 5 points in May to 44.8, a new low, as high gas prices weighed on consumers. The reading points to weaker household confidence and softer near-term spending intent, with inflation-linked energy costs remaining a key drag.

Analysis

The University of Michigan's Consumer Sentiment Index fell 5 points in May to 44.8, a new low, as high gas prices weighed on consumers. The reading points to weaker household confidence and softer near-term spending intent, with inflation-linked energy costs remaining a key drag.