Citing renewed concerns about the trajectory of the economy, the University of Michigan released a report on Friday showing U.S. consumer sentiment deteriorated by much more than anticipated in the month of May.The report said the consumer sentiment index tumbled to 57.7 in May from 63.5 in April, while economists had expected the index to edge down to 63.0.With the much bigger than expected decre...
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.