Revised data released by the University of Michigan on Friday showed U.S. consumer sentiment deteriorated by more than previously estimated in the month of March.
The report said the consumer sentiment index for March was downwardly revised to 62.0 from the preliminary estimate of 63.4. Economists had expected the index to be downwardly revised to 63.2.
With the bigger than expected downward revision, the consumer sentiment index is well below the final February reading of 67.0.
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Forex News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.