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US consumer sentiment slips to a three-month low in March
Year-ahead inflation expectations rose to 3.8%, the largest increase since April 2025, as rising gas prices and stock market volatility weighed on consumer confidence, University of Michigan said.
- On Friday, the University of Michigan Consumer Sentiment Index fell 6% to a final reading of 53.3, falling short of the 54.2 reading economists projected.
- Following the start of the Iran war on Feb. 28, escalating gas prices and volatile financial markets buffeted consumers, particularly those with middle and higher incomes.
- Year-Ahead inflation expectations climbed to 3.8% from 3.4% in February, marking the largest monthly increase since April 2025, even as long-run expectations edged lower to 3.2%.
- Moody's Analytics Chief Economist Mark Zandi said the firm raised recession probability to an "uncomfortably high" 49%, while ConnectOne Bank Founder and CEO Frank Sorrentino noted resilience in underlying economic activity.
18 Articles
18 Articles
US Consumer Sentiment Hits Three-Month Low as War Stokes Inflation Fears
U.S. consumer sentiment fell more than expected in March touching a three-month low, as war in the Middle East stoked inflation worries and cast a shadow over the economic outlook. The decline, reported by the University of Michigan’s Surveys of Consumers on Friday, occurred across political party affiliation and age groups, with large decreases among middle- and higher-income consumers as well as those owning stocks. The month-long U.S.-Israeli…
The inflation expectations grew from 3.4% in February to 3.8% in March, in the 12-month period, the largest since April 2025.
(New York = Yonhap News) Correspondent Kim Yeon-sook = As rising oil prices and financial market instability overlapped in the aftermath of the Iran war, U.S. consumer sentiment in March hit a three-month low...
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