Consumer Confidence Reaches 2-Year High on Slowing Inflation and Stock Surge
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Consumer confidence jumped to 114.8 in January, a 2-year high, due to slower inflation, record stock market, and improved economic growth
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Index is still below pre-pandemic peak, but highest since December 2021
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Measure of how consumers feel about current economy rose to 161.3, strongest since March 2020
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Confidence gauge that looks ahead 6 months also rose, to 83.8
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Outlook may be brighter due to slowing inflation, low unemployment, and expected interest rate cuts from Fed in spring/summer