Consumers' outlook on the economy weakened slightly in January, according to the University of Michigan's monthly survey. The final consumer sentiment index was 92 for January. Economists had estimated a print of 93 for January, down a bit from a prior reading of 93.3. The decline reflected some concern about household wealth due to the stock market's decline, according to Richard Curtin, chief economist of the Survey of Consumers. He said in the release, "To be sure, the overall level o...
Consumers' outlook on the economy weakened slightly in January, according to the University of Michigan's monthly survey. The final consumer sentiment index was 92 for January. Economists had estimated a print of 93 for January, down a bit from a prior reading of 93.3. The decline reflected some concern about household wealth due to the stock market's decline, according to Richard Curtin, chief economist of the Survey of Consumers. He said in the release, "To be sure, the overall level o...
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