Americans’ optimism about the economy is at a near-record low
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CNN — Americans’ feelings about the US economy remain in the doldrums: Consumer sentiment continued its freefall this month, settling in at a near-record low. The University of Michigan’s closely watched consumer sentiment index fell 2.7% to a preliminary reading of 50.8 for May, dropping further from April’s reading of 52.2. May’s preliminary reading landed a touch above the all-time low of 50 notched in June 2022, when inflation was at a 41-year high. Since 1952, when the university started
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