US Consumer Sentiment Falls But Beats Expectations

U.S. consumer sentiment fell month-over-month in March, a survey released on Friday showed, though the reading was better than expected.

The University of Michigan’s final March reading on the overall index on consumer sentiment came in at 93, topping both the preliminary read of 91.2 as well as the median forecast of analysts polled by Reuters, which was for a reading of 92.

However, it was below the final February reading of 95.4.

via Reuters

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza