Reply To: Traders Market Weekly: Climbing The Wall of Worry

#56765
Truman
Participant

The preliminary University of Michigan Consumer Sentiment Index for April checked in at 63.5 (consensus 62.7) versus the final reading of 62.0 for March. In the same period a year ago, the index stood at 65.2.

The key takeaway from the report is that short-run inflation expectations were up noticeably from the prior month, which is something that could compel the Fed to press ahead with another rate hike in May even though long-run inflation expectations remained stable.