1. The University of Michigan consumer sentiment index was revised lower to 53.3 for March, missing expectations, …

… driven by downward revisions in both the current conditions …

… and expectations components.

– The daily Morning Consult consumer sentiment index has deteriorated as well.

• One-year inflation expectations were revised sharply higher to 3.8% from 3.4%, while five-year expectations were unrevised.

2. Consumer spending remains solid, based on debit and credit card transactions.

3. Residential renovations now account for $1 in every $4 of private construction activity.

4. This chart shows Deutsche Bank’s identification of the 2026 Fed dots.

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1. Wholesale sales rebounded strongly in February.

2. The Canadian dollar has depreciated against the USD for five consecutive days.

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1. Retail sales slipped in February, following a strong January.

2. Consumer confidence fell, driven by geopolitical uncertainty and rising energy prices.

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1. Irish consumer confidence tumbled to a three-year low.

2. The euro area consumer inflation expectations remained well anchored.

3. The French labor market showed a slight deterioration, with unemployment benefit claims rising.

4. Spain’s headline inflation for March accelerated, but came in much weaker than expected, while core inflation was unchanged. The downside surprise was largely driven by electricity prices, where government fiscal measures, such as VAT cuts, appeared to more than offset a surge in wholesale prices.

5. Portuguese retail sales continue to expand, though the sequential growth rate eased.

6. Irish retail sales volumes fell from high levels.

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<p>Norway’s retail sales moderated.</p>

1. The Hungarian unemployment rate rose.

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1. The 10-year JGB yield surged to the highest level since February 1999.

2. The yen weakened toward ¥160 per dollar—near prior intervention levels.

3. The Japanese government spends a relatively small amount on university education compared to other nations.