This wasn't in the script...
"The University of Michigan's final consumer sentiment index was revised lower from its preliminary reading in February..."
"Consumer sentiment is down from its January reading of 71.1 and is now lower than it was before the election."
"The drop in sentiment was driven by fears over the inflationary impacts of tariffs."
"The final reading confirmed the massive jump in consumers' inflation expectations this month."
"Consumers' year-ahead inflation expectations shot up to 4.3% from 3.3%, reaching their highest level since November 2023 and leaving expectations significantly above the pre-pandemic range."
"Long-term inflation expectations also rose to 3.5% from 3.2%, their highest level in 30 years."
Source: Oxford Economics / Haver Analytics
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