Consumer confidence rebounded in May after five straight months of declines as President Trump dialed back his aggressive stance on tariffs against China.
The latest index reading from the Conference Board was 98 in May, well above the 85.7 seen in April and the 87.1 economists had expected. The expectations index surged off its 13-year low seen in April, reaching 72.8 in May, far above the 55.4 in the month prior. This marked the largest month-over-month increase for that metric since May 2009.
Read the entire article: Consumer confidence rebounds in May as Trump pauses China tariffs