Summary: Westpac-Melbourne Institute consumer sentiment index down in January; More pessimistic starts to year only previously seen during early 1990s recession; ACGB yields increase; rate-cut expectations soften; consumers much more ‘hawkish’ on interest rate outlook than financial markets, economists; three of five sub-indices lower; more respondents expecting higher jobless rate. After a lengthy divergence between measures of consumer sentiment and business confidence in Australia which began in 2014, confidence readings...