Conference Board Consumer Expectations Hit YTD Highs, Inflation Fears Dip In May

Conference Board Consumer Expectations Hit YTD Highs, Inflation Fears Dip In May With war (and rising gas prices) now fully embedded in respondents' minds (along with record high stock prices), it is perhaps not entirely surprising that The Conference Board's Consumer Confidence dipped in May (but was better than expected). The headline index dipped 0.7 points to 93.1 in May, down from an upwardly revised 93.8 in April. The Present Situation Index - based on consumers’ assessment of current business and labor market conditions - retreated by 3.2 points to 121.2. The Expectations Index -...