US Consumer Sentiment Declines for First Time in Six Months.

The article from Bloomberg.com reports that US consumer sentiment declined in January for the first time in six months due to concerns about unemployment and potential tariffs impacting inflation. The final sentiment index dropped to 71.1, with consumers expecting prices to rise at an annual rate of 3.2% over the next five to 10 years. The labor market and political ideologies also influenced consumer sentiment, with Democrats becoming more pessimistic while Republicans grew more optimistic. Additionally, a separate report showed a decrease in the growth pace of business activity, although companies remain positive about the outlook. [Extracted from the article]