Wolf Money(world market review 18-24 May 2026)
(Image credit: businessinsider.com Market Summary 18-24 May 2026 *USA* -US consumer sentiment index plunged 10% MoM in May at 44.8, hitting all time low; cost of living pressures as main concern -US year-ahead inflation expectations rose to 4.8% from 4.7% in Apr; Long-run inflation expectations at 3.9% from Apr’s 3.5% -Fed Apr meeting highlighted heightened inflation concerns among policymakers; further policy firming could be appropriate if inflation persistently above 2% target + Trump said “an agreement has been largely negotiated, subject to finalisation” between US, Iran n regional powers, including reopening of Hormuz + US S&P Global Composite PMI at 51.7 in May, same as in Apr + US S&P Global Manufacturing PMI rose to 55.3 in May, highest in 4 yrs ± US S&P Global Services PMI eased to 50.9 in May at 2-mth low + US initial jobless claims down 3000 to 209,000 in wk ending May 16 ± Kevin Warsh sown in as chair of the US Federa...