US Michigan consumer sentiment plunges to 57.9, inflation expectation jumps to 4.9%

US consumer confidence took another sharp downturn in March, with University of Michigan Consumer Sentiment Index falling from 64.7 to 57.9, well below expectations of 63.8. Current conditions dipped slightly from 65.7 to 63.5, but Expectations saw a much steeper fall from 64.0 to 54.2. Of particular concern is the dramatic jump in inflation expectations. […]

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