Inflation fears, housing prices startle consumers

Unlike manufacturers’ cautious optimism, economic anxiety is on the rise among consumers for the first time in six months. 

The University of Michigan’s consumer sentiment index fell to 71.1 in January, below both analysts’ expectations of 73.2 and the previous month’s reading of 74.

January’s decline is largely attributable to concerns about the return of inflation — specifically, beliefs about the potential threat of tariff-induced price increases.

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