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U.S. consumer sentiment saw moderate pullback in January
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. The gauge of current conditions fell 2.3 points to 87.7, while a measure of expectations dropped 0.8 point to 73.8, according to the survey conducted Jan. 2-13. The slightly more downbeat sentiment reading ... (full story)