** Consumer sentiment hits second lowest reading on record **

US consumer sentiment tumbled further in May as the impacts of President Trump's tariff policies remained top of mind for Americans.

Pessimism over the inflation outlook soared again, as one-year inflation expectations jumped to 7.3% — the highest since 1981 — from 6.5% the month prior. Just four months ago, consumers had expected inflation of 3.3% over the next year.

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Source: Yahoo Finance