41 Year High Inflation Expectations Pummel Consumer Sentiment

41 Year High Inflation Expectations Pummel Consumer Sentiment: 

Consumer sentiment sank in early March to the worst level since 2011 and year-ahead inflation expectations rose to a 41-year high.

The University of Michigan’s said its consumer sentiment index dropped to 59.7 from 62.8 in February. The median estimate of analysts in Econoday’s survey called for a reading of 61.7 following February’s 62.8.