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Pacer ETFS distributors President Sean Ohara, Maria discusses exchanges in the response to the uncertainty of tariffs with Maria.
Us Consumer confidence Following the growing deterioration after a deterioration of 5 months in May, after increasing the higher tariff rates between the United States and China, the increase in prices and increased concerns about the economy.
The Conference Council announced that the consumer confidence index, up to 98 to 98, in May, and the projected modest increase in the projected humble growth by Reuters.
About half of the consumer confidence survey, after May 12, Trump management collected when agreed Low tariffs In China’s imports, up to 30% to 145% in 90 days, reduces 125% to 20% in exchange for China.
“The rejection was already visible before the US-China trade deal, but later won the momentum,” said Stephanie Guichard, Chief Economist, Global Indicators in the Conference Council. “Monthly improvement, all three components of expectations, work conditions, employment prospects and future revenues, future revenues and future revenues.”
Gas prices have fallen down 4 years below 4 years of memory of the weekend
Consumer confidence in May for the first time in five months. (Via Allen J. Schaben / Los Angeles Times Getty Images) / Getty Images)
“Consumers were less pessimistic Working conditions Regain optimism about the availability of work and future income prospects for the next six months. The assessments of consumers of the current situation have also improved, “Guichard said.
However, “Consumers have weakened assessment of the existence of the existing work in a row, even if consumers are more positive than last month.”
The conference management report, among all age groups and income groups in the confidence of consumers, as well as the decline in previous months, but still six-month-long moving average.
US consumer feelings Inflation concern in May, the uncertainty of tariff
Consumers noted concerns about the increase in tariffs and inflation prices. (Through Gabby Jones / Bloomberg Getty Imager / Getty Images)
Tariffs continued to include optimism in the answers of the conference board Trade deals.
“It should be noted that consumers continued to express concerns about the rising price and negative affect economics, but some said they hoped that future trade transactions could support economic activity.”
“Inflation and high prices remain an important concern for consumers in May, there were some opinions to reduce inflation and reduce gas prices.”
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The report indicated that consumers were average Inflation expectations More than 12 months less than 12 months after spiting up to 7% in April.
This was a special question that consumers have made money for future expenses, one-third (36.7%), recently changed their expenditure and financial behavior. One quarter of consumers, the goods and services (26.6%) have been caught in deposits for the main purchase (26%).
Reuters contributed to this report.
