Indicators
US Consumer Confidence Jumps Most in Four Years on Trade Truce
Shoppers in the Diamond District of New York.
Photographer: Jeenah Moon/BloombergUS consumer confidence rebounded sharply in May from a near five-year low as the outlook for the economy and labor market improved amid a truce on tariffs.
The Conference Board’s gauge of confidence increased by 12.3 points to 98, marking the biggest monthly gain in four years. The figure exceeded all estimates in a Bloomberg survey of economists.