1. Gold prices continues to struggle near $1800 as UofM consumer sentiment drops to 59.1  Kitco NEWS
  2. Consumers are feeling worse about the economy again  CNN
  3. Americans haven't hated economy this much since Great Recession  Business Insider
  4. Consumer confidence sinks to 11-year low in May as inflation rages  Fox Business
  5. Consumer sentiment hits ten-year low amid high prices, UMich survey finds  MarketWatch
  6. View Full Coverage on Google News
(Kitco News) - The gold market continues to struggling, trading below $1,800 an ounce, and is unable to find any support from weak consumer confidence, according to the latest report from the University of Michigan. (Kitco News) - The gold market continues to struggling, trading below $1,800 an ounce, and is unable to find any support from weak consumer confidence, according to the latest report from the University of Michigan.

Gold prices continues to struggle near $1,800 as UofM consumer sentiment drops to 59.1 | Kitco News

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Worries about inflation persisted but household spending remains underpinned by a strong labor market and massive savings, which should keep the economy expanding.Worries about inflation persisted but household spending remains underpinned by a strong labor market and massive savings, which should keep the economy expanding.

U.S. consumer sentiment approaches 11-year low, monthly import prices unchanged | Reuters

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High inflation is taking a toll on Americans’ views of the economy.High inflation is taking a toll on Americans’ views of the economy.

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U.S. consumer confidence tumbled more than expected to a fresh 11-year low in early May, reflecting heightened concerns among Americans about the hottest inflation in a generation.U.S. consumer confidence tumbled more than expected to a fresh 11-year low in early May, reflecting heightened concerns among Americans about the hottest inflation in a generation.

Consumer confidence sinks to 11-year low in May as inflation rages | Fox Business

The University of Michigan’s gauge of consumer sentiment fell to 59.1 in May from a final April reading of 65.2, its lowest level in more than 10 years.The University of Michigan’s gauge of consumer sentiment fell to 59.1 in May from a final April reading of 65.2, its lowest level in more than 10 years.

Consumer sentiment hits ten-year low amid high prices, UMich survey finds - MarketWatch

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The jobs recovery is nearly finished, spending is at record highs, and wages are booming. But inflation has Americans feeling positively bleak.The jobs recovery is nearly finished, spending is at record highs, and wages are booming. But inflation has Americans feeling positively bleak.

Americans Haven't Hated Economy This Much Since Great Recession

The housing market's lack of entry-level inventory combined with rising mortgage rates is making it hard on first-time homebuyers.The housing market's lack of entry-level inventory combined with rising mortgage rates is making it hard on first-time homebuyers.

First-time homebuyers feeling squeezed out of the market - HousingWire

Markets The fall-out from yesterday’s risk-off session was most apparent on core bond yields and the euro. The former declined 3 (30y) to 7.8 (2y) bps in the US. Bunds outperformed strongly, shedding more than 14 bps in the middle segment of the curve. There was a striking difference though: the US decline was driven […]

Note the Improved Sentiment During Asian Dealings But It's Unconvincing - Action Forex

EUR/USD licks its wounds near 1.0380, after refreshing a five-year low the previous day, as global markets consolidate recent moves amid an absence ofEUR/USD licks its wounds near 1.0380, after refreshing a five-year low the previous day, as global markets consolidate recent moves amid an absence of

EUR/USD skates on thin ice below 1.0400 ahead of US Michigan Consumer Sentiment

A larger share felt it was a bad time for both buying and selling, but a growing number expect price growth to slow.A larger share felt it was a bad time for both buying and selling, but a growing number expect price growth to slow.

Consumer attitudes about housing market reach a 2-year low | National Mortgage News

Sentiment toward homebuying is the lowest it's been in two yearsSentiment toward homebuying is the lowest it's been in two years

Consumers Expect More Increases in Home and Rent Prices - ValuePenguin

U.S. consumer confidence plunges in May, reaching its lowest level since August 2011, dragged down by rising inflationary pressures and concerns about falling real incomes. .U.S. consumer confidence plunges in May, reaching its lowest level since August 2011, dragged down by rising inflationary pressures and concerns about falling real incomes. .

Consumer Sentiment Sinks as High Inflation Dents Faith in Economy, S&P 500 Holds Gains

Despite inflation and other economic concerns, most homeowners still expect the strong housing market to continue.

Homeowners Still Expect Strong Housing Market - Rasmussen Reports®

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Homebuyer confidence slipped again in April to the lowest level since the start of the COVID-19 pandemic, as measured by the Fannie Mae Home Purchase Sentiment Index (HPSI), which dropped 4.7 points to 68.5.Homebuyer confidence slipped again in April to the lowest level since the start of the COVID-19 pandemic, as measured by the Fannie Mae Home Purchase Sentiment Index (HPSI), which dropped 4.7 points to 68.5.

Home Purchase Sentiment Hits Lowest Level Since Start of Pandemic

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Consumers opinion about the wisdom of buying a home went underwater in April 2021 and continues to sink. Fannie May says the question about whether it is a good or bad time to buy on its April 2022 National Housing Survey elicited positive responses from only 19 percent of respondents while 76 percent said it was not. This resulted in a net positive score of -57 percent, down 8 points from March and 56 percent year-over-year. The question is one of six from the survey used by Fannie May to construct its Home Purchase Sentiment Index (HPSI). Net positive responses to all declined in April, bringing that measure to 68.5, its lowest level since May 2020, This is down 4.7 point from March. In April 2021, the index read 79.0 Asked the corresponding question about whether it is a good time to sell a home, 72 percent said yes, down 2 points from the prior month. The net positive of 51 percent was up 10 points year-over-year. Seventy-three percent of respondents expect continued increases in mortgage interest rates, while only 5 percent said they would decline and 18 percent think they will remain the same. The net of those expecting lower rates was down 3 points for the month to -68 percent, 21 points lower than a year earlier.   “In April, the HPSI fell to its lowest level since the first few months of the pandemic, as consumers continue to report difficult homebuying conditions amid the budget-tightening constraints of inflation, higher mortgage rates, and high home price appreciation,” said Doug Duncan, Fannie Mae Senior Vice President and Chief Economist. “The current lack of entry-level supply and the rapid uptick in mortgage rates appear to be adversely impacting potential first-time homebuyers in particular, evidenced by the larger share of younger respondents (aged 18- to 34) reporting that it’s a ‘bad time to buy a home.’ Additionally, consumer perception regarding the ease of getting a mortgage also decreased across nearly all surveyed segments this month, suggesting to us that the benefit of the recent past’s historically low mortgage rate environment appears to have diminished, and affordability is poised to become an even greater constraint going forward. This sentiment is consistent with our forecast of decelerating home sales through the rest of 2022 and into 2023.”

Only 19% of Consumers Think It's a Good Time to Buy

By Anneken Tappe, CNN Business Americans are feeling worse about the state of the economy again and it’s all because of rampant inflation. Even as the pace of consumer price hikes moderated some in April, inflation remains near a 40-year high and is putting many US household budgets in a vice. Consumer sentiment dropped by

Consumers are feeling worse about the economy again - KTVZ

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That didn’t last very long.That didn’t last very long.

Consumer sentiment falls to lowest level in 10 years amid higher prices | Chain Store Age

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More consumers are reporting affordability worries, as Fannie Mae finds less than 20% of consumers believe now is a good time to buy a home.The latest iteration of Fannie Mae’s Home Purchase Sentiment Index (HPSI) for April decreased by 4.7...

Affordability Concerns Lower Consumer Confidence - DSNews

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Affordability Constraints Mount as Mortgage Rates and Home Prices Continue to Rise WASHINGTON, May 9, 2022 /PRNewswire/ -- The Fannie Mae (OTCQB:FNMA) Home Purchase Sentiment Index® (HPSI) decreased by 4.7 points toAffordability Constraints Mount as Mortgage Rates and Home Prices Continue to Rise WASHINGTON, May 9, 2022 /PRNewswire/ -- The Fannie Mae (OTCQB:FNMA) Home Purchase Sentiment Index® (HPSI) decreased by 4.7 points to

Consumer Sentiment Toward Housing Hits Lowest Level in Two Years - Benzinga

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U.S. consumer sentiment approaches 11-year low, monthly import prices unchanged | U.S. & World | gazette.com

May University of Michigan Consumer Sentiment: 59.1 vs. 64.0 expected and 65.2 in April. Expectations: 56.3 vs. 63.0 consensus and 62.5 prior. Current conditions: 63.6 vsMay University of Michigan Consumer Sentiment: 59.1 vs. 64.0 expected and 65.2 in April. Expectations: 56.3 vs. 63.0 consensus and 62.5 prior. Current conditions: 63.6 vs

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