"Steady Consumer Attitudes Despite Frustrating Inflation and High Gold Prices"

Despite disappointing inflation reports, Americans' attitudes toward the economy have held steady, with sentiment largely unchanged in April according to the University of Michigan's consumer survey. Expectations of inflation rates remain mostly in check, although firmer-than-expected inflation readings have had some impact on perceptions. Wall Street's expectations for rate cuts have been pushed back, and President Joe Biden is addressing economic issues as he campaigns for reelection.