Daily Roundup of Key US Economic Data for April 24

BY MT Newswires | ECONOMIC | 04/24/26 02:24 PM EDT

02:24 PM EDT, 04/24/2026 (MT Newswires) -- The University of Michigan consumer sentiment index for April was revised higher to 49.8 from the preliminary estimate of 47.6 but was still below March's reading of 53.3.

Michigan said that sentiment declined in April across the political spectrum and inflation expectations remained high despite the two-week cease fire in Iran.

The Kansas City Fed's services index fell to 3 in April from 15 in March. Other regional services data already released have indicated contraction, but the S&P Global flash estimate released earlier in the week showed continued expansion.

The Q1 GDPnow estimate from the St. Louis Fed is for a 2.442% gain, up from a 2.274% increase in the previous week.

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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