U.S. consumer sentiment in improves in February

U.S. consumer sentiment in improves in February

WASHINGTON (Reuters) – U.S. consumer sentiment improved further in February, but households expected higher inflation to persist over the next 12 months, a survey showed on Friday.

The University of Michigans preliminary February reading on the overall index of consumer sentiment came in at 66.4, up from 64.9 in the prior month. Economists polled by Reuters had forecast a preliminary reading of 65.0.

The surveys reading of one-year inflation expectations increased to 4.2% this month from 3.9% in January.

Its five-year inflation outlook was unchanged at 2.9% for the third straight month and stayed within the narrow 2.9-3.1% range for 18 of the last 19 months.

(Reporting By Lucia Mutikani)

GBP to USD Weekly Forecast – British Pound Has Choppy WeekConsumer Sentiment Exceeds Estimates, Inflation Expectations Tick HigherAUDUSD Forecast – Australian Dollar Gives Up Early Gains Yet AgainADA Price Prediction: Bears Target Sub-$0.350 on Crypto Staking NewsEUR/USD Weekly Forecast – Euro Continues to FallNZD/USD Forex Technical Analysis – Traders Shifted RBNZ Rate Hike Target from 5.0% to 5.31%LoadingLoadingLoading