U.S. Consumer Sentiment Index Dips To New Record Low In May

U.S. consumer sentiment deteriorated more than expected in May, according to preliminary University of Michigan data. The report points to weakening household confidence and a more cautious consumer backdrop, which could weigh on spending expectations. Market impact is likely modest but relevant for rate and consumer-sensitive sectors.

Analysis

U.S. consumer sentiment deteriorated more than expected in May, according to preliminary University of Michigan data. The report points to weakening household confidence and a more cautious consumer backdrop, which could weigh on spending expectations. Market impact is likely modest but relevant for rate and consumer-sensitive sectors.