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Consumer sentiment at lowest levels since Trump elected

Sale sign on wall as shoppers walk by.
Photo: Dinendra Haria/SOPA Images/LightRocket via Getty Images

Consumer sentiment in January dropped to its lowest level since President Trump was elected, according to the the University of Michigan's consumer sentiment index.

The big picture: "While the January falloff in optimism is certainly consistent with a slowdown in the pace of growth, it does not yet indicate the start of a sustained downturn in economic activity," the survey's chief economist Richard Curtin said.