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US consumer confidence drops to three-year low on tariff jitters, inflation fears

By Benjamin Chiou

Date: Friday 16 May 2025

(Sharecast News) - Consumer confidence in the United States dropped this month to its lowest level in nearly three years, as tariff uncertainty and rising inflation expectations hammered sentiment.
The University of Michigan's closely watched index of consumer sentiment unexpectedly fell to 50.8 in May, down from 52.2 in April and...

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