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1. US consumer sentiment tumbled in March as long-term inflation expectations hit their highest level in 32 years, underscoring worries that Donald Trump’s policies are hitting the economy. The University of Michigan’s consumer sentiment index fell to a preliminary reading of 57.9 in March, the third consecutive monthly drop and the lowest reading since November 2022. Economists expected a smaller fall to 63.1 from 64.7 in February. Inflation expectations one year ahead jumped to 4.9 per cent, their highest level since November 2022. Longer-term inflation expectations leapt to 3.9 per cent from 3.5 per cent, bringing them to their highest level since 1993, according to Bloomberg data. (Source: ft.com)
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