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Consumer Sentiment in U.S. Jumps to 14-Year High After Tax Cuts
Consumer sentiment in March unexpectedly jumped to a 14-year high after tax cuts boosted disposable incomes, while new tariffs boosted inflation expectations and dimmed the outlook, a University of Michigan survey showed Friday. • Sentiment index rose to 102 (est. 99.3) from 99.7 in Feb. • Current conditions gauge, which measures Americans’ perceptions of their finances, advanced to 122.8, highest in data back to 1946, from 114.9. • Expectations measure decreased to 88.6 from 90. The advance in confidence should help underpin consumer spending, the biggest part of the U.S. economy, after a report earlier this ... (full story)