UMich sentiment
- 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.