US consumer confidence rises in May after three months of declines

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US consumer confidence rises in May after three months of declines
United States Latest News,United States Headlines
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Police said the shooting happened around 3 a.m. Sunday near West 30th Street and Lafayette Road.

A line of unsold 2024 F150 pickup trucks sit at a Ford dealership Sunday, May 19, 2024, in Denver.WASHINGTON — Consumer confidence in the U.S. rose in May after three straight months of declines, though Americans are still anxious about

The index measures both Americans’ assessment of current economic conditions and their outlook for the next six months. Consumer expectations of a recession in the next year rose again in May but are still well below their peak in May of 2023. More than two-thirds of respondents to the survey said they believe a recession is “somewhat” or “very” likely in the next 12 months. That's in contrast to the Conference Board's survey of CEOs, only about a third of whom foresee a recession in the next 12 to 18 months.

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