Consumer Confidence Decreased in the USA
In the USA, the University of Michigan
Consumer Confidence fell from 101 in February to 95.9. It was expected to be around 95. The current conditions index fell to 112.5, and the expectations index fell to 85.3.
Even though the coronavirus epidemic does not cause economic fuss among consumers, "University of Michigan Survey Manager Richard Curtin says," Data still points to consumer confidence that the virus may decline as the virus accelerates. "
The 1-year inflation expectation dropped from 2.4% to 2.3%, while the 5-10 year inflation expectation remained at 2.3%.