Mixed signals from economic data

The consumer price index (CPI) sent mixed signals last week while the retail sales release left more to be desired. There are positive aspects to most of the data, but that is coming against the backdrop of heightened geopolitical uncertainty and the beginning of the removal of Fed policy accommodation.
Key Takeaways:

What we learned last week: (pg. 1)

• The core CPI rose by less than expected for March
• Consumer expectations remain low but improved in early April

What we’re watching this week: (pg. 2)

• Little change expected for housing starts
• Existing home sales likely slowed further
• Leading economic indicator gains are slowing, but still moving higher

View our informative commentary on the economy and financial markets – and find out what we’re watching for the week ahead: