Economic data

After falling 10 pts in March to 67.5, the preliminary April UoM confidence figure was 69.6, slightly above expectations of 68.8. A one point decline in Current Conditions was more than offset by a 3 pt gain in the Economic Outlook. Importantly, one year inflation expectations held steady at 4.6%, the most since Aug ’08. [...]

Amanda Detmer Emma Stone Raquel Alessi Marisa Coughlan Shanna Moakler