Consumer sentiment in the U.S. deteriorated by more than initially estimated in the month of January, according to revised data released by the University of Michigan on Friday.
The report showed the consumer sentiment index for January was downwardly revised to 67.2 from a preliminary reading of 68.8. Economists had expected a more modest downward revision to a reading of 68.7.
With the downward revision, the index was further below the final December reading of 70.6, dropping to its lowest level since hitting 93.7 in November 2011.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.