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The preliminary reading of the University of Michigan consumer confidence index in May fell to 67.4

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According to reports, the preliminary consumer confidence index for May in the United States at the University of Michigan fell to 67.4, hitting a six-month low, with an expected value of 76.2 and a previous value of 77.2. The initial value of the one-year inflation expectation rose to 3.5%, and it is expected to remain stable at 3.2%.

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