Consumer sentiment got a better-than-expected start to February as Americans’ inflation expectations edged lower.
The University of Michigan’s consumer sentiment index came in at a reading of 57.3 for February, according to preliminary results released Friday. Economists polled by FactSet were expecting the index to dip to a reading of 54.3 from January’s 56.4.
Inflation expectations for the year ahead fell to 3.5% in February from 4% in January, marking the lowest reading since January 2025.
