The final Univ. of Michigan sentiment index for January 2024. • Preliminary 78.0. Prior month (December) 69.7. • Current conditions 81.9 vs 83.3 preliminary and 73.3 prior • Expectations 77.1 vs 75.9 preliminary and 66.4 prior • 1 year inflation expectations of 2.9% versus a 2.9% preliminary 3.1% prior month • 5-year inflation expectations 2.9% versus 2.8% preliminary and 2.9% prior month. There has been little reaction to the data. The inflation expectations remained fairly steady. Current conditions lower vs preliminary. Expectations moved higher. Highlights direct from the Univ. of Michigan: • Consumer sentiment ... (full story)