The preliminary reading of the University of Michigan consumer confidence index in May fell to 67.4

According to reports, the preliminary consumer confidence index for May in the United States at the University of Michigan fell to 67.4, hitting a six-month low, with an expected value of 76.2 and a previous value of 77.2. The initial value of the one-year inflation expectation rose to 3.5%, and it is expected to remain stable at 3.2%.