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"Headline confidence appears to have broken out of the sideways trend that prevailed for much of the last year," Dana Peterson, Chief Economist at The Conference Board, said in a statement."Greater confidence was evident across all age groups, and among both consumers earning incomes less than $50,000 and those making more than $100,000.
"[B]oth indicators are on an upswing as consumers take positive signals from the resilient labor market and receding inflation in recent months," the Barclays analysts wrote. "Expectations for the next six months improved materially, reflecting greater confidence about future business conditions and job availability," Peterson maintained."This likely reveals consumers' belief that labor market conditions will remain favorable."
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