{"id":299565,"date":"2024-05-10T23:52:19","date_gmt":"2024-05-10T18:22:19","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=299565"},"modified":"2024-05-10T23:52:19","modified_gmt":"2024-05-10T18:22:19","slug":"us-uom-consumer-confidence-index-fell-further-in-may-to-67-4-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/us-uom-consumer-confidence-index-fell-further-in-may-to-67-4-crypto-news\/","title":{"rendered":"US UoM Consumer Confidence Index fell further in May to 67.4 &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<ul>\n<li><strong>Consumer confidence in the United States contracted by more than anticipated in May.<\/strong><\/li>\n<li><strong>UoM survey showed one-year and five-year inflation expectations edged higher.<\/strong><\/li>\n<\/ul>\n<p>Consumer confidence in the US fell in May, with the University of Michigan&#8217;s preliminary Consumer Sentiment Index plummeting to 67.4 in May from 77.2 in April. The reading also missed the market expectation of 76.<\/p>\n<p>The Current Conditions Index declined to\u00a068.8 from 79 in the previous month. More worrisome, 1-year inflation expectations were up to 3.5% vs 3.2% previously, while 5-year inflation expectations increased to 3.1% from 3.0%.<\/p>\n<h2 class=\"fxs_headline_medium\">Market reaction<\/h2>\n<p>The US Dollar remains on the back foot after the report, showing no reaction to the <a rel=\"nofollow noopener\" target=\"_blank\" data-fxs-autoanchor=\"\" href=\"https:\/\/www.fxstreet.com\/news\">news<\/a>. Meanwhile, <a rel=\"nofollow noopener\" target=\"_blank\" data-fxs-autoanchor=\"\" href=\"https:\/\/www.fxstreet.com\/markets\/equities\">stock<\/a> markets continue to pressure weekly highs, in line with the dominant optimism.\u00a0<\/p>\n<p><em>(This story was corrected on May 10 at 14:22 GMT to say that the index fell to 67.4 in May, not April, from 77.2 in April, not March)<\/em><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Consumer confidence in the United States contracted by more than anticipated in May. UoM survey showed one-year and five-year inflation expectations edged higher. Consumer confidence in the US fell in May, with the University of Michigan&#8217;s preliminary Consumer Sentiment Index plummeting to 67.4 in May from 77.2 in April. The reading also missed the market [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":7855,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,332,257,459,843,255,250,252,247,253,249,256,254],"class_list":["post-299565","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-consumerconfidence","tag-cryptocurrency","tag-dollarindex","tag-economicindicator","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/299565","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=299565"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/299565\/revisions"}],"predecessor-version":[{"id":299566,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/299565\/revisions\/299566"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/7855"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=299565"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=299565"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=299565"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}