Consumer inflation dropped from 9.1% to 5%, Producer inflation dropped from 11.7% to 2.7%.

Retail Sales in march fell 1.0% more than the expected 0.4%. Core Retail Sales which strips out automobile sales and gas, fell .03%. The expected drop was 0.5%.

Industrial production or output increased 0.4% in March was double the estimates of 0.2%. This shows that factories are at greater capacity than expected and could be inflationary.

This is putting some pressure on the bond market i.e. slightly higher rates.

Its Friday, what a week. Below is a Gallup Poll from 2000 Americans’ Cell phone Ownership and intentions.