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Consumer sentiment deteriorated near the end of April, according to the latest reading from the University of Michigan. The final reading of the sentiment survey dropped to 77.2 from 77.9 in early April, the University of Michigan said Friday. Sentiment had hit 79.4 in March, a 32-month high. Economists surveyed by The Wall Street Journal had forecast an ...
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So the core PCE deflator has indeed come in at 0.3% month-on-month, with upward revisions to January and February, rather than the 0.48% MoM implied by the quarterly PCE deflator from yesterday, assuming no revisions. In the great scheme of things, inflation was still far too hot in the first quarter, but the monthly profile doesn't look as concerning as it ...