Consumer Sentiment Hits Record Low in May 2026

The University of Michigan consumer sentiment index hit a record low in May 2026, with inflation fears spiking due to the Iran war. Lucas and Luna examine what's driving the gloom—gasoline, eggs, and rent—and why the disconnect between strong GDP growth and consumer pessimism matters for the Fed and markets. They discuss core CPI at 335.4, the 4.3% unemployment rate, and whether the 'vibecession' is now a real recession risk. #ConsumerSentiment #Inflation #IranWar #Fed #UniversityOfMichigan #CPI #GDP #Unemployment #GasPrices #Rent #EggPrices #RealGDP #CoreCPI #JOLTS #Economics #USEconomy #FexingoBusiness #BusinessPodcast Keep every episode free: buymeacoffee.com/fexingo