- The final April results from the University of Michigan Surveys of Consumers show overall consumer sentiment bounced higher in April after hitting a multiyear low in March.
- The current economic conditions index rose to 69.4 from 67.2 in March.
- Economic risks remain elevated due to the Russian invasion of Ukraine, persistently high inflation, and the start of a Fed tightening cycle, which is likely to undermine the strongest support of consumer sentiment and consumer spending, the strong labor market.
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Consumer Sentiment Ticked Up In April, But The Level Remains Low