UoM sentiment index jumps again in January

19 January 2024

 

Summary: University of Michigan consumer confidence index jumps in January, reading markedly more than expected; views of present conditions, future conditions both improved; reading supported by confidence regarding inflation, strengthening income expectations; short-term Treasury yields rise, longer-term yields either steady or down; 2024 rate-cut expectations soften; ANZ: US recession never started when consumer confidence trending up. US consumer confidence started 2020 at an elevated level but, after a few months,...

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