The University of Michigan Consumer Sentiment Index increased 3.4% in December compared to the month prior, landing at 74, according to preliminary results for the month. The December figure was up 6.2% from a year ago. The current conditions component of the index rose 21.6% from the month prior, landing at 77.7, while the consumer expectations index fell 6.9% to 71.6.
The University of Michigan Consumer Sentiment Index decreased 3.9% in January compared to the month prior, landing at 71.1, according to final results for the month.
The Office of Foreign Assets Control announced the termination of sanctions on certain Israeli persons in relation to their activities in the West Bank.
Corn and soybean prices have risen by 5.1% and 4.8%, respectively, to start the year. It is likely that markets have not fully priced in potential tariffs.
Existing home sales rose 2.2% in December to a seasonally adjusted annual rate of 4.24 million, the National Association of Realtors reported. Sales increased 9.3% from a year ago.
President Trump directed his administration to develop an “action plan” to advance the development and implementation of artificial intelligence technologies in U.S.
The U.S. Supreme Court ordered a stay of a nationwide injunction preventing enforcement of the Corporate Transparency Act and its requirement for businesses to report their beneficial ownership information to FinCEN. However, other injunctions remain in effect for...
