{"id":81669,"date":"2023-03-17T17:33:00","date_gmt":"2023-03-17T13:33:00","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=81669"},"modified":"2023-03-17T18:14:14","modified_gmt":"2023-03-17T14:14:14","slug":"us-uom-consumer-confidence-index-drops-to-63-4-in-march","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/us-uom-consumer-confidence-index-drops-to-63-4-in-march\/03\/17\/market-updates\/","title":{"rendered":"US UoM Consumer Confidence Index drops to 63.4 in March"},"content":{"rendered":"\n<p>Consumer sentiment in the US weakened in early March with the University of Michigan&#8217;s (UoM) Consumer Confidence Index declining to 63.4 from 67 in February. This reading came in worse than the market expectation of 67.<\/p>\n\n\n\n<p>&#8220;Year-ahead inflation expectations receded from 4.1% in February to 3.8%, the lowest reading since April 2021, but remain well above the 2.3-3.0% range seen in the two years prior to the pandemic,&#8221; the publication further read. &#8220;Long-run inflation expectations edged down to 2.8%, falling below the narrow 2.9-3.1% range for only the second time in the last 20 months.&#8221;<\/p>\n\n\n\n<p>Surveys of Consumers Director Joanne Hsu &#8220;with ongoing turbulence in the financial sector and uncertainty over the Fed\u2019s possible policy response, inflation expectations are likely to be volatile in the months ahead.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Consumer sentiment in the US weakened in early March with the University of Michigan&#8217;s (UoM) Consumer Confidence Index declining to 63.4 from 67 in February. This reading came in worse than the market expectation of 67. &#8220;Year-ahead inflation expectations receded from 4.1% in February to 3.8%, the lowest reading since April 2021, but remain well &hellip;<\/p>\n","protected":false},"author":9,"featured_media":53201,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[7048,8367],"class_list":["post-81669","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-consumer-confidence","tag-us-dollar"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/81669","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=81669"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/81669\/revisions"}],"predecessor-version":[{"id":81670,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/81669\/revisions\/81670"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/53201"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=81669"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=81669"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=81669"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}