U.S. consumer sentiment jumps to 15-year high [From the web]
NEW YORK, May 17, 2019 (Bloomberg) -U.S. consumer sentiment jumped to the strongest level since 2004 on a surge in economic expectations amid unexpectedly strong growth, highlighting what’s at risk amid a growing trade war with China.
The University of Michigan’s preliminary sentiment index rose to 102.4 in May, topping all estimates in a Bloomberg survey of economists who had projected the gauge would hold at 97.2. All of the gain was in the expectations index, which also climbed to a 15-year high, and the gauge of current conditions ticked up, the report Friday showed.
The more upbeat sentiment comes amid ...