Despite record-high gas prices, consumer confidence brightened in May, The Conference Board reported today. The Consumer Confidence Index rose to 108 this month from 106.3 in April, mostly because current-day business conditions seem better, but the outlook for the rest of the year is still uncertain. "The bounce-back in confidence was due primarily to a more upbeat assessment of present-day business conditions," Lynn Franco, director of The Conference Board Consumer Research Center, said in a statement. "Consumers' view of the job market, both present and six months from now, was little changed and did not provide a boost in confidence. The short-term outlook remains cautious, and rising gasoline prices are having a negative impact on consumers' inflation expectations. All in all...
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