February consumer confidence rises to highest level since late 2000

Consumer confidence improved to its highest level since November 2000 after a modest increase in January. Consumers’ assessment of current conditions was more favorable this month, with the labor force the main driver. Despite the recent stock market volatility, consumers expressed greater optimism about short-term prospects for business and labor market conditions, as well as their financial prospects. Overall, consumers remain quite confident that the economy will continue expanding at a strong pace in the months ahead.

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