The University of Michigan Consumer Sentiment Index decreased 5.8% in March compared to the month prior, landing at 53.3, according to final results for the month. Sentiment was down 6.5% year over year. The current conditions index fell 1.4% from the month prior to 55.8. The index of consumer expectations fell 8.7% from the month prior to land at 51.7.
Fed chair nomination hearing scheduled for next week
The Senate Banking Committee will hold a hearing next week on the nomination of Kevin Warsh to become the next chairman of the Federal Reserve.










