Final March UMich Inflation expectations dropped notably. 1-year inflation exp fell from 3.0% in Feb and from 3.1% in flash March data to 2.9% final. at the longer-end, inflation expectations fell to 2.8%…
Source: Bloomberg
The headline sentiment index climbed to 79.4 from 76.5 earlier in the month, reaching the highest since mid-2021…
Source: Bloomberg
Republican confidence surged, while Independents were less confident…
“Not only did inflation expectations fall sharply, so did inflation uncertainty,” Joanne Hsu, director of the survey, said in a statement, referring to progress in recent months.
“As such, consumers are now broadly in agreement that inflation will continue to slow both over the short term and the long term.’’
Consumers’ views about their current personal finances rose to the highest level in over two years, while their present outlook for the economy improved to the best since July 2021.
Tyler Durden
Thu, 03/28/2024 – 10:14
Click this link for the original source of this article.
Author: Tyler Durden
This content is courtesy of, and owned and copyrighted by, https://zerohedge.com and its author. This content is made available by use of the public RSS feed offered by the host site and is used for educational purposes only. If you are the author or represent the host site and would like this content removed now and in the future, please contact USSANews.com using the email address in the Contact page found in the website menu.