Economic Expectations of U.S. Consumers Climb to a One-Year High
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American consumers are more upbeat about the economy than at any time in more than a year against a backdrop of steady job gains and record stock prices.
The Bloomberg Consumer Comfort Index’s monthly expectations gauge advanced to 56.5 in December, the highest since October 2018, from 51.5 as a greater share of respondents said the economy was getting better, according to the Dec. 3-15 survey released Thursday. The weekly measure of consumer comfort, however, eased from a seven-week high.