Summary: University of Michigan consumer confidence index falls in May, reading less than expected; views of present conditions, future conditions both deteriorate; decreases across age, income, education groups; Treasury yields rise; fed funds rate-cut expectations soften; Westpac: US economy losing momentum, uptick in inflation expectations prompts suggestions of stagflation. US consumer confidence started 2020 at an elevated level but, after a few months, surveys began to reflect a growing unease...