Consumer Sentiment in U.S. Unexpectedly Declines
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Confidence among U.S. consumers unexpectedly declined in January as more Americans worried about the effects of higher gasoline prices on their finances.
The Thomson Reuters/University of Michigan preliminary index of consumer sentiment for the month dropped to 72.7, the lowest since November, from 74.5 in the previous month. Economists surveyed by Bloomberg News projected a gain to 75.5, according to the median forecast.