UMich March final consumer sentiment 57.0 vs 57.9 expected

• Prelim was 57.9
• Prior was 64.7
• Current conditions 63.8 vs 63.5 prelim
• Expectations 52.6 vs 54.2 prelim
• 1-year inflation 5.0% vs 4.9 prelim
• 5-year 4.1% vs 3.9% prelim
• two-thirds of consumers expect unemployment to rise in the year ahead, the highest reading since 2009

This report has turned highly political but the rising inflation expectations numbers are going to be hard for the Fed to ignore with the five-year at a 32-year high.

Sentiment is also worsening

“This month’s decline reflects a clear consensus across all demographic and political affiliations,” UMich survey says.

It’s not just Democrats who are seeing ‘expectations’ decline anymore.

This article was written by Adam Button at www.forexlive.com.