US March consumer confidence 92.9 vs 94.0 expected

• Prior was 98.3 (revised to 100.1)
• Present Situation Index 134.5 vs. 136.5 prior
• Expectations Index 65.2 vs 72.9 prior
• 12-month inflation expectations % vs 6.0% prior

This is a better indicator than the UMich survey but I think most of the market is at the point where they want to see signs of softening in the hard data rather than this.

That said, this is the fourth straight month of declines and goes back to January 2021, when the pandemic was still biting hard.