05/09/2026
Resilient economy, stubborn inflation, uneasy consumers. The Fed stays patient.
Growth still looks solid — the Atlanta Fed has Q2 tracking at 3.7%. The labor market is cooling at the margins, not cracking. Consumer sentiment is the outlier: the University of Michigan's preliminary May read came in at 48.2, which reflects how households are feeling even if the hard data hasn't followed. Inflation remains sticky above the Fed's target, and the market isn't pricing in a hike anytime in the next year.
Here's your Data at a Glance for the week of May 5 to May 9.