Keeping you up to date on the latest data releases.
Final numbers show that the University of Michigan’s Index of Consumer Sentiment increased slightly to 81.6 from the preliminary the number of 81.2 posted earlier in February. The Index of Consumer Expectations decreased to 72.7 from the preliminary number of 73.0. The Economic Conditions Index increased to 95.4 from the preliminary number of 94.0.
With regard to inflation expectations in February, consumers expect a year-ahead inflation rate of 3.2 percent and a longer (five- to ten-year) rate of 2.9 percent.