The Reuters/University of Michigan latest survey of consumer sentiments showed the headline gauge of consumer confidence eased to 74.3 in mid-February, compared to 76.0 in the month ago, trailing median estimates of 76.0.

Within the index, we see that Economic Conditions index ticked up to 84.2 from 83.0 in March, the Economic Outlook index fell to 68.0 from 70.3. As for Inflation Expectations, the one-year ahead expectations rose 4.0 percent from 3.3 percent, while the five-year ahead expectations climbed 3.0 percent from 2.9 percent.