US consumer confidence stops falling in May, temporary suspension of tariffs boosts optimism

According to BlockBeats news, on May 30th, data showed that the US consumer confidence index in May was roughly the same as in April, ending a four month sharp decline trend. Although the data from early May showed a slight decline in confidence, confidence rebounded in the middle and late months with the temporary suspension of tariffs on some goods. After mid month, consumers' expectations for the business environment improved, which may be a direct impact of trade policy adjustments. However, the overall income stagnation in May led to a decrease in satisfaction with the current personal financial situation, offsetting the positive changes mentioned above. Overall, consumers believe that the economic outlook is not worse than last month, but they still hold a highly concerned attitude towards the future. (Golden Ten)