US 1-year inflation rate expectation preliminary value for May is 4.5%, expected 4.8%

The initial one-year inflation rate expectation for the United States in May stands at 4.5%, compared to an expected 4.8% and a previous value of 4.70%.

The University of Michigan's preliminary consumer confidence index for May is 48.2, lower than the expected 49.5 and the previous reading of 49.8. (Jin Shi)