高盛：美国消费者信心远超预期；通胀预期下降

Investment Rating - The report indicates a positive outlook on consumer confidence, with the consumer confidence index rising significantly above expectations [2]. Core Insights - The Conference Board index of consumer confidence increased by 12.3 points to 98.0 in May, surpassing consensus expectations, with a prior revised level of 85.7 [2]. - The expectations component of the index rose by 17.4 points to 72.8, recovering from its lowest level since October 2011 [2]. - The present situation component also saw an increase of 4.8 points to 135.9 [2]. - The labor differential decreased slightly to 13.2, with 31.8% of respondents indicating jobs are plentiful and 18.6% stating jobs are hard to get [2]. - The survey's measure of 12-month ahead inflation expectations decreased by 0.5 percentage points to 6.5% [2]. - The rebound in consumer confidence was noted to have gained momentum following the announcement of a 90-day pause in US-China retaliatory tariffs [2]. Summary by Sections Consumer Confidence Index - The consumer confidence index rose to 98.0 in May, a significant increase from the revised April level of 85.7 [2]. - The expectations component increased to 72.8, while the present situation component rose to 135.9 [2]. Labor Market Insights - The labor differential decreased to 13.2, with a slight increase in the percentage of respondents indicating jobs are plentiful [2]. Inflation Expectations - The 12-month ahead inflation expectations decreased to 6.5%, indicating a decline in inflation concerns among consumers [2].