US March UMich final consumer sentiment 79.4 vs 76.5 expected

• Highest since July 2021
• March prelim was 76.5
• Final February was 76.9
• Current conditions 82.5 vs 79.4 prelim
• Expectations 77.4 vs 74.6 prelim
• One -year inflation 2.9% vs 3.0% prelim — matches lowest since Dec 2020
• Five-year inflation 2.8% vs 2.9% prelim

This is a goldilocks report and underscores the strength in the US economy and moderating inflation. That said, I don’t put any stock in this report, which is more of a political gauge than an economic one.

This article was written by Adam Button at www.forexlive.com.