Shopper confidence within the US improved barely to begin the yr, with the College of Michigan’s Shopper Sentiment Index rising to 54 in January’s preliminary studying, from 52.9 in December. This print got here in barely higher than the market expectation of 53.5.
The Shopper Expectations Index rose to 55 from 54.6 on this interval, whereas the 1-year Shopper Inflation Expectation remained unchanged at 4.2%. Lastly, the 5-year Shopper Inflation Expectation edged greater to three.4% from 3.2%.
Market response
The US Greenback Index features traction following this report and trades at its highest degree in a month at 99.25, rising 0.4% on the day.
