Overview

• The Conference Board’s consumer confidence index climbed 12.3 points to 98 after five straight monthly declines.
• A measure of Americans’ short-term expectations for income, business conditions and jobs jumped 17.4 points to 72.8.
• The share of consumers expecting a U.S. recession in the next 12 months declined from April.
• The rebound accelerated after the May 12 agreement reduced tariffs on Chinese imports to 30% for 90 days.
• Write-in survey responses indicate that tariff anxiety remains the top economic concern for households.