Michigan Consumer Sentiment Drops To 57.9; SP500 Pulls Back From Session Highs

On March 14, 2025, the University of Michigan released Michigan Consumer Sentiment report for March. The report indicated that Consumer Sentiment declined from 64.7 in February to 57.9 in March, compared to analyst consensus of 63.1.

Current Economic Conditions declined from 65.7 in February to 63.5 in March, while Index of Consumer Expectations decreased from 64.0 to 54.2.

The University of Michigan commented: “Many consumers cited the high level of uncertainty around policy and other economic factors; frequent gyrations in economic policies make it very difficult for consumers to plan for the future, regardless of one’s policy preferences.”

Year-ahead inflation expectations increased from 4.3% in February to 4.9% in March. Long-run inflation expectations jumped from 3.5% to 3.9%. The University of Michigan noted that it was the largest increase in the long-run inflation expectations since 1993.

U.S. Dollar Index settled near the 103.70 level after the release of the weaker-than-expected Michigan Consumer Sentiment report. Treasury yields are moving higher, but this move does not provide support to the American currency.

Gold traded near $2990 after an unsuccessful attempt to settle above the $3000 level. It remains to be seen whether Consumer Sentiment data will have a material impact on gold markets in today’s trading session.

SP500 pulled back from session highs as traders focused on the weak Consumer Sentiment report.

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