US Consumer Sentiment Declines for First Time in Six Months
- University of Michigan sentiment index at 71.1 in January
- Long-term inflation views rose to 3.2% from December
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US consumer sentiment declined in January for the first time in six months on concerns about unemployment and the impact of potential tariffs on inflation.
The final January sentiment index decreased to a three-month low of 71.1 from 74 in December, according to the University of Michigan. The drop from the preliminary January reading of 73.2 included the lowest confidence among self-described Democratic voters since August 2020.