March Consumer Sentiment Rises to Pandemic High, USD Stronger 2021-03-12 15:00:00 Izaac Brook,
Consumer Sentiment and US Dollar Talking Points:
Consumer Sentiment Printed Strongly at 83.0 vs. forecast of 78.5.
One Year Inflation Expectations Fell Slightly Following Subdued CPI and PPI Prints.
The US Dollar Dropped Following the Release Before Rebounding Higher as Yields Rise. Advertisement
March Consumer Sentiment Rises to Pandemic High, USD Stronger
The University of Michigan’s preliminary consumer sentiment index for March printed at 83.0 vs. a forecast of 78.5, handily beating the forecast. This print marks the index’s highest point since last March, before the pandemic and related containment measures took effect. While sentiment remains well below its pre-pandemic levels, the solid print in March demonstrates that the outlook of consumers is improving.