UMich March prelim consumer sentiment 76.5 vs 76.9 expected ...Middle East

Prior was 76.9Current conditions 79.4 vs 79.2 expected (prior was 79.4)Expectations 74.6 vs 75.1 expected (prior was 75.2)One-year inflation 3.0% vs 3.0% priorFive-year inflation 2.9% vs 2.9% priorThese numbers are all close to expectations. The report said:"Small improvements in personal finances were offset by modest declines in expectations for business conditions. After strong gains between November 2023 and January 2024, consumer views have stabilized into a holding pattern; consumers perceived few signals that the economy is currently improving or deteriorating. Indeed, many are withholding judgment about the trajectory of the economy, particularly in the long term, pending the r

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