US Consumer Sentiment Jumps to Highest Level Since July 2021
- University of Michigan final March index rose to 79.4
- Long-run inflation views eased to 2.8%, lowest since September
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US consumer sentiment rose markedly toward the end of March, supported by strong stock-market gains and expectations that inflation will continue to ease.
The University of Michigan’s sentiment index climbed to 79.4 from 76.5 earlier in the month, reaching the highest since mid-2021, according to the final March reading issued Thursday. The 2.9-point gain from the preliminary reading was the biggest intramonth increase since August 2022.