Economics
Consumer Sentiment in U.S. Fell in March to a Five-Month Low
- Households' inflation expectations perked up with higher fuel
- Job gains allow Americans to stay upbeat about their finances
Three Charts Showing U.S. Consumers Are Feeling Better
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Consumer confidence declined in the first half of March as lower-income Americans grew more concerned about prospects for the U.S. economy and higher gasoline prices.
The University of Michigan’s preliminary sentiment index fell to a five-month low of 90 from to 91.7 in February. The median projection in a Bloomberg survey of economists called for 92.2. The group’s measures of year-ahead and longer-term inflation expectations picked up.