U.S. Inflation and Consumer Confidence Data for May Released

According to Odaily, the preliminary estimate for the United States' one-year inflation rate in May stands at 7.3%, surpassing the expected 6.50% and the previous value of 6.50%. Additionally, the five to ten-year inflation rate forecast for May is initially estimated at 4.6%, higher than the anticipated 4.40% and the prior figure of 4.40%. Meanwhile, the University of Michigan's preliminary consumer confidence index for May is reported at 50.8, falling short of the expected 53.4 and the previous value of 52.2.