Having disappointed for the last two months, analysts expected The Conference Board's Consumer Confidence index to extend its recent modest decline (from 102.9 to 101.0), but instead it bounced a smidge to 104.2.  The Present Situation weakened a little from 152.8 to 151.1 while Expectations rebounded from 69.7 to 73.0.

Source: Bloomberg

The Conference Board's gauge of one-year inflation expectations rose (after tumbling in February)...

Source: Bloomberg

The Conference Board's sentiment remains notably decoupled from UMich's sentiment measure...

Source: Bloomberg

Finally, the Conference Board's measure of labor market tightness worsened (less jobs plentiful vs hard to get) in March...

Source: Bloomberg

That's not what Mr.Powell wants to see.