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U.S. Consumer Sentiment Posts Moderate Pullback in January

Photographer: Peter Foley/Bloomberg
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U.S. consumer sentiment cooled more than forecast in January, adding to signs consumers may be growing less optimistic as vaccinations roll out amid soaring new infections.

The University of Michigan’s preliminary sentiment index fell to 79.2 from 80.7 last month, data released Friday showed. The figure fell below the forecast in Bloomberg’s survey of economists that had called for a slight pullback to 79.5.