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Story summary
- The consumer sentiment index fell to 48.2 in early May as gasoline rose to $4.54, with one-third of respondents citing gas prices as their main worry.
- Another third blamed tariffs tied to President Donald Trump’s February Iran attack and the April 2025 plan, while one-year inflation expectations fell to 4.5% and five-year to 3.4%.
- The Bureau of Labor Statistics reported April nonfarm payrolls rose by 115,000 and unemployment held at 4.3%.
