Consumer sentiment jumped in January and expectations for inflation fell‚ a sign that consumers are feeling more comfortable with the economy. The University of Michigan Consumer Sentiment Index soared to 78.8 in January‚ well above forecast expectations of 70. That is a 21.4% change from this time last year. Sentiment is also at the highest level since July 2021‚ before the U.S. began grappling with too-high inflation. Year-ahead expectations also improved. The index for...