Americans' economic outlook improved in May following five months of decline, as easing concerns over Trump's tariffs lifted consumer confidence, according to Reuters. The Conference Board reported a 12.3-point rise in consumer confidence to 98 in May, while short-term expectations climbed 17.4 points but stayed below the recession threshold. Trump’s aggressive trade policies, including steep import tariffs, have heightened recession fears by creating uncertainty around the economy and job market. Consumers felt better about the overall economy in May, though perceptions of job availability declined for the fifth month.
