U.S. consumer confidence rose more than expected this month, extending a rebound in sentiment that began with a jump in August. Read more:
Richard B. Levine/Newscom
The growing confidence in the U.S. economy defies recession fears on Wall Street less than a week after the Federal Reserve raised its benchmark interest rate and forecasted rising unemployment. The data from the Conference Board signals resilient consumer confidence, which could sustain consumer spending.
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