U.S. Consumer Sentiment Jumps to 8-Month High as Outlook Brightens
- U.S. consumer sentiment rose unexpectedly in March to 79.4, the highest since July 2021
- The increase was partly due to growing confidence that inflation will keep softening
- The reading topped economist estimates of 76.5
- Assessments of both current conditions and economic outlook improved
- Expected inflation over 1 and 5 year horizons declined to 2.9% and 2.8% respectively
