Consumer Confidence Rises to 17-Year High on Trump Tax Cuts, Job Optimism

U.S. consumer confidence jumped to a 17-year high as optimism about employment prospects grew and Americans began seeing additional money in their paychecks from recently enacted tax cuts, data from the New York-based Conference Board showed Tuesday.

Highlights of Consumer Confidence (February)

Confidence index rose to 130.8 (est. 126.5), highest since Nov. 2000, from downwardly revised 124.3 in January
Present conditions measure climbed to 162.4, highest since 2001, from 154.7
Consumer expectations gauge increased to three-month high of 109.7 from 104

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