Consumer sentiment fell throughout January, posting a cumulative loss of 4.8%, sinking to its lowest level since November 2011, according to the University of Michigan Surveys of Consumers.
The Delta and Omicron variants were largely responsible, but other factors, some of which were initially triggered by COVID-19, have become independent forces shaping sentiment, said U-M economist Richard Curtin, director of the surveys. CONTINUED
University of Michigan
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