The U.S. consumer confidence index experienced a significant surge in May, reaching an impressive 98.0. This marks the largest monthly gain since 2021 and reflects a rebound following easing US-China trade tensions. Key factors driving this rise include falling gas prices and improved trade relations, contributing to increased optimism among consumers. The Conference Board attributes this increase to rising consumer expectations, which have now been bolstered by several positive developments. The index’s recent surge coincides with the May 12 U.S.-China trade agreement, further strengthening market sentiment across various sectors. This positive change in outlook aligns with historical trends where increased consumer confidence has driven investment into riskier assets like cryptocurrencies. The enhanced economic outlook suggests a reduction in overall risk, which could positively impact sectors such as crypto and traditional investments alike.