Conference Board Consumer Confidence Rebounds In May… As Inflation Expectations Hit 2024 Highs
After dropped near the lowest level in eleven years last month, the Conference Board Consumer Confidence expectations index soared in May from 68.8 (upwardly revised from 66.4) to 74.6. The Present Situation rose from 140.6 (revised down from 142.9) to 143.1.
The best expectations print since Feb dragged the headline index up notably to 102.0 (well above the 96.0 exp)…
Source: Bloomberg
The overall trend in labor market indicators remains weaker…
Source: Bloomberg
Plans to buy a home fell, plans to buy a car were flat, but plans to buy large household appliances soared…
Source: Bloomberg
Conference Board Inflation Expectations (for one year ahead) rose to 5.4% – the highest since Dec 2023…
Source: Bloomberg
Expectations for rates to be higher and stocks to be higher both increased.
Tyler Durden
Tue, 05/28/2024 – 10:10