Consumer sentiment below estimates at 54

Consumer Sentiment Falls Short

Consumer sentiment in January registered at 54, significantly lower than the expected 53.5. This decline reflects ongoing economic concerns as consumers grapple with rising inflation and interest rates.

Economic Analysis on CNBC

Rick Santelli joined CNBC’s ‘Squawk on the Street’ to discuss the implications of the latest consumer sentiment data. He emphasized the potential impact of these figures on market trends and economic forecasts.