Consumer sentiment rose 4.3% from a month earlier to 97.8, preliminary results from the University of Michigan's monthlyshowed Friday, compared with economist expectations for a 95.6 reading. Final results are scheduled to be released at the end of the month.
"Since households with incomes in the top third account for more than half of all consumer expenditures, cautious observers will conclude that the latest data are another indication that the end of the expansion is on the distant horizon," said Richard Curtain, the survey's chief economist. Financial-market turmoil, fading stimulus, and the partial government shutdown have weighed on outlooks toward the economy. Sentiment in February made a modest recovery after falling to its lowest level since October 2016 a month earlier.
Who did ya'll ask because I don't think this is true.
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Source: CNBC - 🏆 12. / 72 Read more »