US Michigan consumer sentiment shows consumers do not anticipate a recession

By FXStreet US Michigan consumer sentiment eased in March to 90 from Feb’s 91.7. The data missed estimate of 92.2.

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Sentiment eased due to increased concerns about prospects for the economy as well as the expectation that gas prices would inch upward during the year ahead.

Consumers do not anticipate a recession; they no longer expect the economy to outperform the 2.4% rate of economic growth recorded in the past two years.
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Source:: FX Street