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<Econ> University of Michigan March Consumer Sentiment Index Falls to 53.3, Below Preliminary Value
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According to the latest monthly survey by the University of Michigan, the overall consumer sentiment index fell from 56.6 in February to 53.3, below economists' expectations of 54 and the preliminary value of 55.5. Survey director Joanne Hsu stated that consumer sentiment continues to deteriorate due to uncertainty about the course of the war and rising gas station prices. The Iran war has also made consumers more pessimistic about future inflation expectations. The inflation expectation for the next year has been revised upward to 3.8%, but consumers' long-term inflation forecast remains at 3.2%. (to/s) Auto-translated by third-party software This translation was auto-generated by third-party software. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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