Consumer confidence in the US continued to deteriorate in April, with the University of Michigan's (UoM) Consumer Sentiment Index dropping to 50.8 in the flash estimate from 57 in March. This reading came in worse than the market expectation of 54.5.
UoM Consumer Confidence Index came in below the market expectation in April.The USD Index stays deep in negative territory below 100.00.Consumer confidence in the US continued to deteriorate in April, with the University of Michigan's Consumer Sentiment Index dropping to 50.8 in the flash estimate from 57 in March. This reading came in worse than the market expectation of 54.5.The underlying details of the report showed that the Current Conditions Index fell to 56.5 from 63.
What is the Consumer Price Index ? The Consumer Price Index measures the change in prices of a basket of goods and services over a period of time. It is usually expressed as a percentage change on a month-on-month and year-on-year basis. Core CPI is the figure targeted by central banks as it excludes volatile food and fuel inputs. When Core CPI rises above 2% it usually results in higher interest rates and vice versa when it falls below 2%.
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