Consumer sentiment improves as inflation slightly eases: report

Consumer sentiment about the U.S. economy moved higher for the second straight month although it remains low from year-ago levels, according to the University of Michigan’s monthly survey.

The Index of Consumer Sentiment reached 64.9 in January, up 8.7% from December levels, but 3.4% below results in January 2022, the school announced. The short-run economic outlook was relatively unchanged from last month, although all other components of the index increased in January,…