Rising costs suppress consumption - Iran's war becomes the "speed bump" of the U.S. economy.

Recently, the continued tension in the Middle East has led to a sharp increase in international energy prices, exacerbating inflationary pressures in the United States, causing consumer confidence to decline. The American Consumer Confidence Index for May, released by the World Federation of Major Corporations on the 26th, has dropped, becoming the latest evidence of low consumer confidence. Multiple key economic data in recent times have shown that personal consumption, as the largest engine of the US economy, is facing the risk of "stalling", and the Iran conflict will become a "speed bump" for US economic growth. The preliminary results of a survey released by the World Federation of Major Corporations, an American research institution, show that the US Consumer Confidence Index for May was 93.1, lower than the revised 93.8 in April. Survey data released by the University of Michigan on the 22nd shows that the final value of the US Consumer Confidence Index for May was 44.8, setting a record low since 1952, indicating that American consumers are exceptionally pessimistic about the economic outlook. "Consumer confidence is low, with people worrying about the rise in inflation and consumption costs," said Tarang Amin, CEO of the American makeup company ELF.