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 reboundin...
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.