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It may be too early to get a definitive answer on this question, but we wanted to toss out the fact that something isn’t adding up regarding the consumer in April.According to the Conference Board, consumer confidence actually improved in April. Fine.
It seems very unlikely that consumer confidence could improve at the same time there’s been a big jump in overall concern about the economy, owing in part to higher gas prices.
Combine those surveys with more weak regional Fed Data, and the signs of a slowdown continue to pile up.