The Soft Data Effect On Hard Data

2025-05-02 23:30:00 ET

Summary

• The hard data - growth, inflation, jobs - were mostly okay, reflecting a continuation of the solid progress on all fronts made by the US economy in 2024.
• Confidence is a human sentiment, and thus survey data like the Consumer Confidence Index fall into the category of soft data.
• With tariff announcements continuing to wax and wane on a near-daily basis, businesses have been making the logical decision to front-load their purchasing needs before prices go up and supply chains break down.

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