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Consumer Sentiment in U.S. Exceeds Forecast as Finances Improve

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Consumer sentiment climbed more than forecast in October as lower-income Americans projected wage gains will accelerate and falling energy prices helped stretch paychecks.

The University of Michigan’s preliminary consumer sentiment index for this month rose to 92.1, the first advance in four months, from 87.2 in September, a report showed Friday. The median projection in a Bloomberg survey called for 89.