Consumer Sentiment Declines in February, Ending 3-Month Streak Of Gains
- Consumer Sentiment index fell to 76.9 in February from previous month, first decline in 3 months
- Reading was below economist estimates of 79.6
- Consumers expect prices to rise 3% over next year, up from 2.9% in January
- Long run (5-10 year) inflation expectations unchanged at 2.9%
- Sentiment 8 points below historical average since 1978