US Consumer Confidence Rebounds Despite Inflation Concerns

The Conference Board's index rose for the first time in four months, reflecting optimism about the labor market and stock market.

Consumer confidence index increased to 102.0 in May from 97.5 in April, surpassing expectations.
Optimism about the labor market and stock market contributed to the rise in confidence.
Inflation expectations edged up, with consumers anticipating higher prices and interest rates.
Recession fears persist, with more consumers expecting an economic downturn in the next year.
Buying plans for major appliances and cars showed slight improvements despite high prices.