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flag US consumer sentiment hits near-record low in May, despite some tariff reductions and a trade deal.

flag US consumer sentiment declined for the fourth straight month in May, reaching near-record lows according to a University of Michigan survey. flag Despite some tariff rollbacks by President Trump and a recent US-China trade agreement, fears over inflation and recession remain high. flag Consumer spending, which makes up about two-thirds of economic activity, faces uncertainty as many tariffs still exist, potentially leading to higher prices on goods.

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