US Consumer Sentiment Recovers in Final May Michigan Survey

US consumer sentiment rebounded in late May from one of the lowest readings on record earlier in the month and long-term inflation expectations retreated as concerns about the economy eased after the rollback of China tariffs.

The 52.2 final May sentiment index marked an improvement from the preliminary reading of 50.8, according to the University of Michigan. It was unchanged from April, one of the lowest levels on record. The median estimate in a Bloomberg survey of economists called for a final May reading of 51.5.