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US consumer confidence rebounds in January

US confidence rebounds

U.S. consumer confidence rose in January as Americans became more optimistic about the future.

The Conference Board reported Tuesday that its consumer confidence index increased to 89.3, a rebound from December when it dipped to 87.1.

The increase was fueled by the board's rising expectations index, which measures feelings about the future path of incomes, business and labour market conditions.

The present situation index weakened further, likely reflecting concerns about the resurgence of COVID-19.



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