Consumer sentiment at year low; fiscal debate weighs

Consumer sentiment unexpectedly deteriorated for a second straight month to its lowest in over a year in January, with many consumers citing fallout from the recent “fiscal cliff” debate in Washington, a survey released on Friday showed. …

The Thomson Reuters/University of Michigan’s preliminary reading on the overall index of consumer sentiment came in at 71.3, down from 72.9 the month before. [cont.]

Edward Krudy, Reuters