Consumer Sentiment at 15-Year High

Written by Staff Writer

shopping 2353875 640U.S. Consumer Sentiment Hits Highest Level in 15 Years -Wall Street Journal
"U.S. household sentiment rose starkly at the beginning of May to its highest level in a decade and a half, driven by a brighter economic outlook...The survey's underlying gauge of future expectations increased to the highest level since 2004, driving most of the month's overall sentiment rise.

'That consumers view prospects for the economy both near and long term at the highest levels since 2004 coincides with more economists pushing out forecasts for the start of the next recession from 2020 to 2021,' said Robert Frick, economist at Navy Federal Credit Union....Richard Curtin, the survey's chief economist, pointed out that the index growth was recorded largely before the U.S.-China trade negotiations collapsed. He said negative references to tariffs rose in the past week and thinks they 'are likely to rise further in late May and June.'"