Odaily News The University of Michigan's consumer sentiment survey at the end of January showed some signs of weakness, with the headline index falling to 71.1 from an initial reading of 73.2 at the beginning of the month and 74.0 at the end of December, the lowest level since before the election (70.5 in October), indicating more skepticism as the new administration is about to take office. Inflation expectations have continued to rise most of the time since the election, which may also have something to do with this. The median inflation expectation for the full year remained at the initial reading of 3.3% in January, up from 2.8% in December and 2.7% in October. The five-year interest rate expectation fell to 3.2% from 3.3% at the beginning of the month, but it is still higher than the 3.0% in December and October, and the highest end-of-month rate since mid-2008.

The current US dollar index DXY fell 15 points in the short term and is now at 107.25. (Jinshi)