Sentiment Among American Consumers Cools From 11-Year High
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Consumer confidence cooled in February from an 11-year high, reflecting recent gains in fuel costs and bad winter weather in parts of the U.S.
The University of Michigan final index of sentiment fell to 95.4, the first decrease in seven months, from January’s 98.1 that was the highest since the start of 2004. The median projection in a Bloomberg survey of 58 economists called for 94 after a preliminary reading of 93.6.