- Consumer confidence in the United States decreased significantly in early March.
- Inflationes increased for a year to 4.9 %.
The feeling of American consumers declined in early March, according to the initial reading of the consumer morale index at the University of Michigan. The scale fell from 64.7 in February to 57.9, and the loss of market expectations.
Divide them further, the current conditions index decreased from 65.7 to 63.5, while the consumer expectation index moved from 64.0 to 54.2.
On the inflation front, the survey revealed a noticeable increase in inflation expectations for one year-from 4.3 % to 4.9 %-and expectations increased for five years from 3.5 % to 3.9 %.
Market reaction
The version of the index did not move the Greenback disk, as the US dollar index (DXY) resumed the direction of the declining direction after a day rising in a row and reconsidering the 103.80 region, down modestly for this day.
(This story was corrected on March 14 at 14:11 GMT to say that consumer confidence decreased significantly in early March, not October.)
