Tag Archives: University of Michigan’s consumer sentiment index

The Dow Jones Index retreated on Thursday, losing -527 points and tumbling below 39,150.00 as investors pulled back in the face of declining hopes for a September interest rate cut from the Fed.On the US data front; S&P Global Services Purchasing Managers Index (PMI) rose to a 12-month high of …

The preliminary estimate of the University of Michigan’s (UoM) Consumer Sentiment Index for April rose to 65.7 from 59.4 last month, above the expected reading of 59.0, data released on Thursday showed. The Consumer Expectations Index was also significantly stronger than expected at 64.1 versus forecasts for a reading of …

The world’s largest economy is grappling with rising inflation levels. Per the latest Labour Department report, the Consumer Price Index (CPI) jumped 8.5% year over year in March, reaching the highest level since December 1981. The reading also surpassed the already high Dow Jones estimate of 8.4%. The high inflation …