The University of Michigan Consumer Sentiment Index increased 6.6% in January compared to the month prior, landing at 56.4, according to final results for the month. Sentiment was down 21.3% year over year. The current conditions index rose 9.9% from the month prior to 55.4. The index of consumer expectations rose 4.4% from the month prior to land at 57.
Former comptrollers warn against state erosion of federal banking powers
States are increasingly seeking to regulate activities that have historically fallen within the domain of federal supervision, and that threatens the regulatory clarity the nation's dual banking system has long provided, two former comptrollers of the currency write...









