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Inflation Fears Fade As War Drags UMich Sentiment Lower
Inflation Fears Fade As War Drags UMich Sentiment Lower
After rebounding solidly in January and February, expectations were for a modest decline in UMich Sentiment in preliminary March data and analysts were right but the 55.5 print (from 56.6 prior) was better than the 54.8 expected.
Current Conditions actually improved, surprising to the upside (57.8 vs 56.6 prior vs 54.9 exp)
Expectations fell more than expected (54.1 vs 56.6 prior vs 54.5 exp)
Current Conditions are at their highest level since October while expectations are at their lowest since November.
Source: Bloomberg
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