US consumer sentiment maintains recent stability; UofM index down modestly in April

Summary: University of Michigan consumer confidence index falls in April, reading less than expected; views of present conditions, future conditions both deteriorate; index moves sideways for fourth straight month; Treasury yields fall; fed funds rate-cut expectations firm; uptick in inflation expectations reflects frustration inflation slowdown may have stalled. US consumer confidence started 2020 at an elevated level but, after a few months, surveys began to reflect a growing unease with...

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