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Consumer Confidence Recovered from Shutdown

Consumer Confidence Recovered from Shutdown (Reuters)

The Conference Board reports today that U.S. consumer confidence has risen in December to 78.1, up from a revised November figure of 72.0.  The present situation index, specifically, rose to 76.2, the highest level seen since April 2008. The general index is approaching the level held before October’s government shutdown. Overall, consumers are feeling positive about the availability of jobs and the prospects for inflation.

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