• U.S. consumer confidence increased to a two-year high in January amid slowing inflation and expectations that the Federal Reserve would start cutting interest rates soon.
• The Conference Board said on Tuesday that its consumer confidence index rose to 114.8 this month, the highest reading since December 2021, from a downwardly revised 108.0 in December. Economists polled by Reuters had forecast the index rising to 115.0 from the previously reported 110.7.