Consumer Confidence Stabilized In May, The Conference Board Reports

The Conference Board released its May Consumer Confidence Index May 26 and like The University of Michigan’s Consumer Sentiment Index released mid-month, it stabilized after two months of historic declines. The index rose to 86.6 versus 85.7 in April. The Present Situation component continued to slide a bit, down to 71.1 from 73 in April,…