CMS Daily Market Report 30 May 2018

 

American’s consumer confidence rose in May as consumers remained confident in the current state of the economy, but expressed less optimism that this economic momentum would continue.The Conference Board said Tuesday its measure of U.S. consumer confidence increased to 128.0 in May from 125.6 in April. Confidence was downward revised in April. A healthy job market is helping support the overall rise in confidence. The unemployment rate stands at 3.9%, the lowest since late 2000, and the economy continues to add jobs at a steady clip.

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