UMich April final consumer sentiment 49.8 vs 48.0 expected

Prelim was 47.6Prior was 53.3Details:Conditions 52.5 vs 50.1 prelim Expectations 48.1 vs 46.1 prelim 1-year inflation 4.7% vs 4.8% prelim 5-year inflation 3.5% vs 3.4% prelim This is a modest recovery from the preliminary survey, likely as oil came down from a couple weeks ago and stock markets recovered.For backround, the University of Michigan's Surveys of Consumers, housed at the university's Institute for Social Research, is one of the longest-running gauges of U.S.