Michigan Consumer Sentiment Drops To 57.0; SP500 Tests Session Lows

On March 28, 2025, the University of Michigan released Michigan Consumer Sentiment report. The report indicated that Consumer Sentiment decreased from 64.7 in February to 57.0 in March, compared to analyst forecast of 57.9.

Current Economic Conditions decreased from 65.7 in February to 63.8 in March, while Index of Consumer Expectations declined from 64.0 to 52.6.

Year-ahead inflation expectations increased from 4.3% to 5.0% and reached the highest level since November 2022. Long-run inflation expectations jumped from 3.5% to 4.1%.

The report showed that two-thirds of consumers expected that unemployment would increase in the year ahead.

The University of Michigan commented: “Consumers continue to worry about the potential for pain amid ongoing economic policy developments.”

U.S. Dollar Index tested session lows after the release of the weaker-than-expected Michigan Consumer Sentiment report. Currently, U.S. Dollar Index is trying to settle below the 104.00 level.

Gold settled near the $3080 level after the release of the report. Rising demand for safe-haven assets provides material support to gold markets. From the technical point of view, spot gold prices are moving towards the $3100 level.

SP500 remained under strong pressure as traders reacted to Consumer Sentiment data. Currently, SP500 is trying to settle below the 5635 level.

For a look at all of today’s economic events, check out our economic calendar.