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Consumer Sentiment in U.S. Fell to Three-Month Low in April

Confidence among consumers fell in April to a three-month low as Americans grew more pessimistic about the outlook for the economy.

The Thomson Reuters/University of Michigan final index of consumer sentiment declined less than forecast, to 76.4 from 78.6 a month earlier. The median projection in a Bloomberg survey was 73.5 after a preliminary April reading of 72.3.