The University of Michigan Consumer Sentiment Index, known as the Michigan Consumer Sentiment Index or MCSI, measures US consumer attitudes and expectations about personal finances, business conditions and buying conditions, based on telephone surveys of a nationally representative sample of households conducted continuously since 1978 (with the underlying survey dating to 1946) and released in preliminary and final readings each month. Along with the Conference Board's Consumer Confidence Index, it is one of the two most widely cited consumer-sentiment gauges in the United States, and its inflation-expectations component is watched particularly closely by the Federal Reserve as a signal of whether the public still expects the Fed to keep inflation under control.
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