American household morale deteriorated more than expected in May, show the first results of the monthly survey from the University of Michigan published Friday.
Its confidence index stood at 67.4 while economists polled by Reuters anticipated 76 and then 77.2 in April.
One-year inflation expectations stood at 3.5% compared to 3.2% in April, while those over a five-year horizon increased slightly to 3.1% after 3% in April.
(Writing by Augustin Turpin, edited by Kate Entringer)