Consumer confidence, though still high, falls for second month in a row

• May 30, 2017
• realestatelife
• Business & Markets, Real Estate Finance

Consumer confidence fell in May for the second month in a row, suggesting Americans have tempered their expectations for the economy after a huge burst of optimism earlier in the year. The Conference Board said its consumer confidence index dropped to 117.9 in May from 119.4 in April. Just three months earlier, consumer confidence hit its highest level in more than 16 years on hopes that a pro-business Trump administration would give the economy a jolt.