1. The University of Michigan consumer sentiment index fell by less than initially reported, …

… driven by upward revisions to both the current conditions and expectations components.

• The Penta-CivicScience Economic Sentiment Index showed signs of stabilization, with gains in overall economic confidence, job prospects, and major purchase sentiment partially offset by declines in housing and personal finance confidence.

• Our high-frequency sentiment indicator has rebounded.

2. Consumers’ median inflation expectations over the next year were revised down, while the longer-term expectation was revised higher.

• Market-based inflation expectations are moving higher agian.

3. Here is an update on the US effective tariff rate.

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1. Retail sales growth missed consensus estimates.

• This chart shows the month-over-month changes by category.

2. Wholesale sales showed a solid increase in March.

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1. Headline retail sales in March rose more than expected, …

… driven by fuel stockpiling amid higher petrol prices.