Keeping you up to date on the latest data releases.
- Consumer Sentiment
The University of Michigan’s Index of Consumer Sentiment slipped a little in February, falling 2.5 points to an index level of 72.5, partially reversing a substantial (5.1 point) gain in January. Most of the headline softening in February was due to a 4.6 point decline in the current component index, completely offsetting its January jump. Consumer expectations edged down 1.1 points to an index level of 68.0 in February, its first decrease in six months. Median short-run (one-year ahead) inflation expectations edged down from 3.3 percent to 3.2 percent in February. Interestingly, longer-term (five-to-ten years ahead) expectations increased 0.2 percentage points to 2.9 percent following 4 consecutive months at 2.7 percent.