(RTTNews) - Consumer sentiment in the U.S. has improved much more than expected in the month of January, according to preliminary data released by the University of Michigan on Friday. With the much bigger than expected increase, the consumer sentiment index reached its highest level since hitting 65.2 in April 2022. Hsu noted, "Uncertainty over both inflation expectations measures remains high, and changes in global factors in the months ahead may generate a reversal in recent improvements."