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[Divergent U.S. Economic Indicators: Soft Sentiment Vs. Strong Hard Data] Recent U.S. Economic Data Presents A Mixed Picture, With Consumer And Business Sentiment Surveys From The University Of Michigan, Conference Board, And NFIB Showing Weakness, While Hard Data Like Record Retail Sales In March, Continued Strong Card Spending, Elevated Durable Goods Orders, And Robust Labor Market Metrics Remain Strong. This Divergence, Highlighted By Goldman Sachs Showing Soft Data Surprising To The Downside And Hard Data To The Upside, Is Suggested By Experts Like Renaissance Macro To Be Partly Due To Anticipated Tariffs Leading Consumers And Businesses To Pull Forward Purchases, A Phenomenon The Federal Reserve Has Also Noted.
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