US Consumer Confidence Slips on Price Concerns| Bloomberg Businessweek Daily 5/26/2026

Today, Chris Kennedy, Bloomberg Economics lead on economic statecraft, breaks down the latest in negotiations between the US and Iran as the two sides traded renewed strikes over the weekend. Then, Peter Atwater, president of Financial Insyghts, discusses the ‘K-shaped economy’ as war fueled inflation squeezes consumers across the US. Plus, Louise Phillips Forbes discusses New York City Mayor Zohran Mamdani’s proposed pied-a-terre tax and what it could mean for the real estate market. Finally, Michael Swanson, chief agriculture economist at Wells Fargo’s Agri-Food Institute, talks the impact of supply chain disruption and higher fuel prices on farmers and consumers at the grocery store and at the dinner table. (Source: Bloomberg)