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U.S. Consumer Confidence Rose in December, Defying Omicron Fears

  • Inflation expectations pull back from highest in 13 years
  • Consumers become more optimistic about jobs, economy
Holiday windows at a department store in New York.
Holiday windows at a department store in New York.Photographer: Christopher Occhicone/Bloomberg
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U.S. consumer confidence rose in December by more than expected as Americans’ outlook for employment and the economy improved, suggesting some resilience in the recovery despite growing concerns about the omicron variant and elevated prices.

The Conference Board’s index increased to 115.8 from an upwardly revised 111.9 reading in November, according to the group’s report Wednesday. Economists in a Bloomberg survey had called for a reading of 111.