Consumer Sentiment Edges Up in February but Misses Forecasts
- Consumer sentiment ticked up to 79.6 in February from University of Michigan survey, falling just short of expectations of 80
- Current conditions index fell to 81.5 from 81.9 month-over-month
- Expectations index rose to 78.4 from 77.1, beating estimates
- Year-ahead inflation expectations rose to 3% from 2.9%
- 5 to 10-year inflation expectations unchanged at 2.9%