U.S. March 1-Year Inflation Expectations Preliminary at 3.4%

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U.S. inflation data showed preliminary one-year inflation expectations at 3.4% in March, below the forecast of 3.7% and unchanged from the prior reading. The preliminary University of Michigan Consumer Sentiment Index came in at 55.5, slightly below the forecast of 55 and down from 56.6. Interest rate developments remain closely monitored, as inflation data influences the Fed’s policy outlook.

ChainThink reports that on March 13, the initial estimate for the U.S. one-year inflation expectation in March was 3.4%, compared to an expectation of 3.7% and a prior value of 3.40%; U.S. January JOLTS job openings stood at 6.946 million, exceeding the expected 6.7 million and revised up from the prior value of 6.542 million to 6.55 million.


The University of Michigan's preliminary U.S. consumer confidence index for March came in at 55.5, compared to an expectation of 55 and a prior value of 56.6. (GoldTen)

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