US Consumer Sentiment Drops in March Despite Lower Inflation Expectations and Gold Prices Holding Steady
TL;DR Summary
Consumer sentiment fell to 63.4 in March, the first decline in four months, due to concerns about high inflation and the health of the economy. The index is still well below pre-pandemic levels and inflation expectations remain high. The Federal Reserve is raising interest rates to combat inflation, which could slow the economy, and the recent collapse of Silicon Valley Bank is adding new stress to the financial system.
- Consumer sentiment falls for first time in four months --- and that was before Americans knew about SVB MarketWatch
- Consumer sentiment for March reads lower than expected: University of Michigan Yahoo Finance
- Gold price holding near session highs as preliminary UofM consumer sentiment falls to 63.4 Kitco NEWS
- US Short-Term Inflation Expectations Drop, Yet Consumer Sentiment Still Fell Bloomberg
- US: UoM Consumer Confidence Index drops to 63.4 in March vs. 67 expected FXStreet
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