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Consumer sentiment rises in February

from Tire Review

Consumer sentiment rose in February to its highest level in three months on an improving stock market and hopes for continued job gains, according to the University of Michigan-Thomson Reuters consumer sentiment gauge. According to survey results, conflicting forces worked on consumers in February: gasoline prices increased, but claims for jobless benefits fell. Additionally, higher payroll taxes kicked in this year and consumers face continuing uncertainty about how federal spending cuts will impact their personal finances. more

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