US Consumer Sentiment Increases Sharply at Start of 2024
- University of Michigan final January index rises to 79
- Year-ahead inflation views at 2.9% vs 3.1% in prior month
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US consumer sentiment surged in January from a month earlier by the most since 2005 as retreating inflation helped bolster views about the economy and household finances.
The University of Michigan’s final sentiment index for the month rose 9.3 points from December to 79, according to data issued Friday. The preliminary January reading was 78.8.