U.S. Consumer Sentiment at Second-Highest Level Since 2004
Photographer: Craig Warga/Bloomberg
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Consumer sentiment last month rose to the second-highest level since 2004 and plentiful job opportunities buoyed Americans’ spirits amid stock-market volatility, a University of Michigan survey showed Friday.
The advance in confidence caps a week of buoyant data, although President Donald Trump’s plan to impose tariffs on steel and aluminum imports rattled markets and poses a risk to growth. Consumers are generally optimistic after a Republican tax package ushered in about $30 billion in one-time bonuses across dozens of companies and led to higher after-tax incomes.