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Economic Buzz: US consumer confidence dips after recent gains
27-May-2026 07:14
The US consumer confidence in May saw its first drop after three months of gains as Americans grapple with rising prices and inflation, both driven up by the U.S.-Israeli conflict in Iran, the monthly consumer confidence index report said Tuesday. Confidence dropped 0.7 points to 93.1 in May, a low not seen since 2025, according to the index, which is calculated by The Conference Board, a New York-based think tank.

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