Friday, May 14, 2010

Consumer Sentiment, Inflation Expectations Up

The April consumer sentiment number has been released, and it shows an uptick from March. Not only the sentiment numbee increased, but also inflation expectations. "Looking ahead, one-year inflation expectations rose to 3.1% in early May from 2.9% in April."

This result hasn't done much for gold, which endured a sharp drop just before the numbers were released. The release may have interrupted the drop, or coincided with a halt, but it had no effect otherwise.

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