CB Consumer Confidence Jumps To 98.0; U.S. Dollar Tests Session Highs

On May 27, 2025, The Conference Board released CB Consumer Confidence report for May. The report indicated that Consumer Confidence improved from 86.0 in April to 98.0 in May, compared to analyst forecast of 87.

The Present Situation Index increased from 131.1 in April to 135.9 in May, while the Expectations Index grew from 55.4 to 72.8. The Expectations Index remains below the 80 level, which typically signals a recession ahead.

The Conference Board noted that the rebound in Consumer Confidence was already visible before the temporary trade deal between the U.S. and China. Not surprisingly, the index gained momentum after the deal was announced. The recovery of the stock market provided additional support to Consumer Confidence. According to the report, the rebound in confidence was broad-based across all age groups and income groups.

The Conference Board also noted that consumers’ expectations for interest rates ahead were mostly unchanged. Meanwhile, average 12-month inflation expectations decreased from 7% in April to 6.5% in May.

U.S. Dollar Index  tested session highs after the release of the better-than-expected CB Consumer Confidence report. Currently, U.S. Dollar Index is trying to settle above the 99.50 level.

Gold  tested session lows and made an attempt to settle below the $3290 level as traders focused on stronger dollar.

SP500  climbed back above the 5880 level as traders reacted to the encouraging Consumer Confidence data.

For a look at all of today’s economic events, check out our economic calendar.