UMich preliminary April consumer sentiment 47.6 versus 52.0 expected

Preliminary consumer sentiment data from the University of Michigan survey Prior month 53.3Consumer Sentiment 47.6 vs 52.0 estimate. Worst on record. Year on year -8.8%Current conditions 50.1 versus 55.8 last month.Year on year -16.2%Expectations and 46.1 versus 51.7 last month. Year on Year -2.5%1 year inflation expectations 4.8% versus 3.8% last month5 year inflation expectations 3.4% versus 3.2%… Prior month 53.3 Consumer Sentiment 47.6 vs 52.0 estimate. Worst on record. Year on year -8.8% Current conditions 50.1 versus 55.8 last month. Prior month 53.3 Consumer Sentiment 47.6 vs 52.0 estimate. Worst on record. Year on year -8.8% Current conditions 50.1 versus 55.8 last month.Year on year -16.2% Expectations and 46.1 versus 51.7 last month. Year on Year -2.5% 1 year inflation expectations 4.8% versus 3.8% last month 5 year inflation expectations 3.4% versus 3.2% last month Needless to say, the war in Iran is having its impact on the survey data.… For traders, releases like this can quickly shift rate expectations, currency direction, index futures and broad risk sentiment. Watch follow-through, not just the first reaction: liquidity, volatility and confirmation across related assets usually tell the real story.