In May, American consumer confidence rose by 12.3 points, reversing a five-month decline attributable to concerns over President Trump's tariffs, which had worsened economic anxiety. According to The Conference Board, the consumer confidence index climbed to 98, although still signaling potential recession risks as short-term expectations remained low. Despite fears linked to Trump's aggressive trade policies, recent pauses and negotiations on tariffs contributed to this rebound. The positive sentiment was widespread across demographics, indicating improved perceptions of the economic landscape, though concerns over job availability persisted.
The rebound was already visible before the May 12 US-China trade deal but gained momentum afterwards," said Stephanie Guichard, senior economist at The Conference Board.
Trump's aggressive and unpredictable policies - including massive import taxes - have clouded the outlook for the economy and the job market, raising fears that the American economy is headed toward a recession.
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