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The Michigan Consumer Sentiment survey declined in January as the responses revealed a stark divide over how Americans feel about President Donald Trump’s economic proposals.

Like most presidents, Donald Trump faces an economy that seldom bends to political ambitions. The Republican has promised strong growth, high tariffs, income tax cuts and booming oilfields. For his part, Trump wants to blame all the challenges before him on his predecessor, Joe Biden, who in turn blamed Trump in 2021 for the problems his own administration had to tackle.

(Bloomberg) -- Treasuries rose Friday and were on pace to eke out a small weekly gain after survey data showed signs of US economic cooling.Most Read from BloombergWhat Happened to Hanging Out on the Street?Vienna Embraces Heat Pumps to Ditch Russian GasBillionaire Developer Caruso Slams LA Leadership Over WildfiresHow Sanctuary Cities Are Preparing for Another Showdown With TrumpHoboken PATH Station Will Close for Almost a Month on Jan. 30Yields were lower by at least two basis points, with sho

The Federal Reserve is widely expected to hold its key interest rate steady on Wednesday as officials wait for more data that indicates inflation is cooling.

HOUSTON (Reuters) -Oil prices steadied on Friday but were set for a weekly fall after U.S. President Donald Trump announced sweeping plans to boost U.S. production, while demanding that OPEC moves to lower crude prices. The threat of harsh U.S. sanctions on key oil producers, Russia and Iran could undermine the Trump administration's goal of lowering energy costs, said StoneX analyst, Alex Hodes said in a note on Friday. "Trump knows this and has leaned on OPEC to cover the void that these will create," Hodes said.

President Trump is using the threat of tariffs to goad foreign businesses into investing in the U.S.

The University of Michigan said on Friday that its Consumer Sentiment Index fell to 71.1 this month from a preliminary reading of 73.2 and 74.0 in December. The final survey was closed on Monday, the day when Trump was inaugurated for a second term as president. "Despite reporting stronger incomes this month, concerns about unemployment rose," Joanne Hsu, the director of the University of Michigan's Surveys of Consumers, said in a statement.