by Calculated Risk on 5/13/2016 02:23:00 PM

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The preliminary University of Michigan consumer sentiment index for May was at 95.8, up from 89.0 in April:

"Consumer sentiment rebounded in early May due to more frequent income gains, an improved jobs outlook, and the expectation of lower inflation and interest rates. The largest gains were recorded among lower income and younger households, although the gains were recorded among all income and age subgroups as well as across all regions. Nearly all of the gains were in the Expectations Index, which rose to its highest level in nearly a year. "
emphasis added