Conf. Board sentiment index rises in May; expectations index still signalling recession

Summary: Conference Board Consumer Confidence Index up in May, well above expected; Expectations Index below 80, usually signals recession ahead; US Treasury yields increase; expectations of Fed rate cuts soften; consumers cite food, groceries prices as having greatest impact on their view of US economy; views of present conditions, short-term outlook both improve. US consumer confidence clawed its way back to neutral over the five years after the GFC in...

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