-
U.S. Consumer Sentiment Remained Elevated at Beginning of 2020
U.S. consumer sentiment remained elevated in January as record stock prices and a strong job market buoy Americans, suggesting spending will continue its steady gains. The University of Michigan's preliminary sentiment index for January edged down to 99.1 from a seven-month high of 99.3 in December, data showed Friday. The gauge of current conditions increased slightly to 115.8 while the expectations index ticked down to 88.3. Relatively strong sentiment signals consumers are positioned to help driving the record-long economic expansion even as business investment remains sluggish. At the same time, it's the first ... (full story)