Consumer confidence from the Conference Board:

  • Prior 101.3 (revised to 101.4)
  • Expectations 87.58 vs 96.0 prior
  • Present situation 106.8 vs 109.5 prior
  • Jobs-hard-to-get 26.4 vs 25.5 prior
  • 1-year expected consumer inflation 4.8% vs 5.2% in March

Brutal number. Fresh lows in the US dollar.

On the inflation number, the Fed will care less about the absolute number and more about the trend. Falling expectations is another reason for the Fed to be more dovish.