Consumer sentiment ticked down a pinch, current conditions took a hit (gas pump economics).

About one-third of consumers spontaneously mentioned gasoline prices and about 30% mentioned tariffs. Taken together, consumers continue to feel buffeted by cost pressures, led by soaring prices at the pump. Middle East developments are unlikely to meaningfully boost sentiment until supply disruptions have been fully resolved and energy prices fall.

Speaking of inflation:

current reading still substantially exceeds the 3.4% reading seen in February prior to the start of the Iran war,

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