A report released by the Conference Board on Tuesday showed consumer confidence in the U.S. held steady in the month of May.
The Conference Board said its consumer confidence index edged down to 117.2 in May after climbing to a revised 117.5 in April.
Economists had expected the consumer confidence index to pull back to 119.5 from the 121.7 originally reported for the previous month.
"After rebounding sharply in recent months, U.S. consumer confidence was essentially unchanged in May," said Lynn Franco, Senior Director of Economic Indicators at The Conference Board.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.