U Mich April US consumer sentiment 96.9 vs 98.2 expected
April US consumer sentiment
This is a disappointing print but it's a small miss and sentiment remains at healthy levels. The slip in inflation expectations despite rising gasoline prices will catch the Fed's attention.
- Prior was 98.4
- Current conditions 114.2 vs 113.3 prior
- Expectations 85.8 vs 88.8 prior
- 1-year inflation expectations 2.4% vs 2.5% prior
- 5-10 year inflation expectations 2.3% vs 2.5% prior