- Prior was 57.9
- Current conditions 56.5 vs 61.5 expected
- Expectations 47.2 vs 50.8 expected
- 1-year inflation 6.7% vs 4.9% prior
- 5-year inflation 4.4% vs 3.9% prior — highest since 1991
This is a flawed survey but it’s a bad result and I don’t see how it improves next month given all the tariff hikes along with rising long-end rates.
Interviews were conducted between March 25 and April 8. Notably, some of the Trump tariffs were reversed on April 9.
This article was written by Adam Button at www.forexlive.com.