May US consumer confidence 92.6 vs 96.3 expected

• Lowest since Nov 2015
• Prior was 94.2
• Present situation 112.9 vs 117.1 prior
• Expectations 79.0 vs 79.7 prior
• Jobs hard-to-get 24.4 vs 22.8 prior
• 1-year inflation expectations 4.9% vs 4.8% prior

Soft number and it flies directly in the face of the strong preliminary estimate in the U Mich survey. The inflation expectations numbers in the two surveys also moved in opposite directions.