Consumer sentiment drops in March to 57.9, according to University of Michigan survey, worse than expected
1. Consumer sentiment dropped to 57.9, a 10.5% decline from February. 2. Inflation fears increased as tariffs against U.S. trading partners were instituted. 3. Expectations fell significantly across political affiliations and demographics. 4. The one-year inflation outlook rose to 4.9%, highest since November 2022. 5. Overall sentiment decreased by 22% since December, indicating growing uncertainty.