The University of Michigan preliminary consumer sentiment for March will be released at the top of the hour. The sentiment has seen a sharp for over the last few months from a high of near 74 to a low of 64.7. Meanwhile the one-year inflation has also moved sharply higher from 2.6% in November 2024 to 4.3% last month.
The expectations show:
- Sentiment preliminary 63.1 versus 64.7 last month
- Current conditions 65.0 versus 65.7 last month
- Expectations 64.3 versus 64.0 last month
- 1-year inflation last month 4.3%
- 5 year inflation last month 3.5%
Heading into the release (9:56 AM ET)
- Dow +421 points or 1.03%
- S&P +76.2 or 1.38%
- Nasdaq +300.61 points or +1.74%
- 2 year 3.983%
- 5 year 4.064%
- 10 year 4.308%
- 30 year 4.630%
This article was written by Greg Michalowski at www.forexlive.com.
