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Consumer Sentiment in U.S. Increased in January to 13-Year High

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Photographer: Scott McIntyre/Bloomberg

Consumer confidence rose in January to a 13-year high, reflecting ongoing optimism about post-election fiscal policies and their impact on economic growth.

The University of Michigan said Friday that its final index of sentiment increased to 98.5 from 98.2 in December. The median projection in a Bloomberg survey called for the measure to hold at its preliminary reading of 98.1.