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Chart of the Week

Archived Chart: From January 18, 2019

Preliminary January data for Consumer Sentiment from the University of Michigan tumbled downward, and is now at a level not seen since October 2016. The decline was largest for the Index of Consumer Expectations (bottom graph below), as a result of concerns about the government shutdown, trade policy, and volatile financial markets. Consumer spending has an important impact on the economy and we’ll be watching this key indicator closely in the months ahead...

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