Inflation fears receded in May as Trump eased some tariff threats, New York Fed survey shows
1. US inflation outlook dips, aiding consumer confidence and S&P 500 sentiment. 2. Trump's tariff proposals softened, reducing inflation fears among consumers. 3. Job loss outlook improved, with fewer expecting job losses within a year. 4. 36.3% of survey respondents expect higher stock market in the next year. 5. Core PCE inflation remains below Fed target, signaling potential for easing.