Consumer sentiment in the U.S. has deteriorated by more than anticipated in the month of May, according to preliminary data released by the University of Michigan on Friday.
The University of Michigan said its consumer sentiment index fell to 48.2 in May from 49.8 in April. Economists had expected the index to edge down to 49.3.
With the bigger than expected decrease, the consumer sentiment index dropped to its lowest reading on records going back to 1952.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.