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Consumer sentiment rose in January, defying expectations, as households grew more optimistic about jobs, inflation, and their finances despite high interest rates.
Consumer sentiment rose in January, surprising economists who had expected a decline, according to the University of Michigan's preliminary report.
The index climbed to 72.4, up from December's 69.7, driven by improved perceptions of current economic conditions and greater optimism about future inflation and job prospects.
Despite ongoing concerns about high interest rates, households showed increased confidence in their financial well-being.
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El sentimiento de los consumidores aumentó en enero, desafiando las expectativas, ya que los hogares se mostraron más optimistas sobre el empleo, la inflación y sus finanzas a pesar de las altas tasas de interés.