UMich May prelim consumer sentiment 50.8 vs 53.4 expected ...Middle East

Prior was 52.2Current conditions 57.6 vs 59.6 expectedExpectations 46.5 vs 48.0 expected1-year inflation 7.3% vs 6.5% prior 5-year inflation 4.6% vs 4.4% prior

This is a poor reading. I would have expected to see some recovery after Trump reversed the Liberation Day tariffs but that didn't show up in this round.

This article was written by Adam Button at www.forexlive.com.

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