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00:02Consumer confidence edged higher in February, but remained below levels reached in late 2024,
00:08according to the Wall Street Journal. The conference board said its Consumer
00:11Confidence Index rose to 91.2 in February from an upwardly revised 89 in January,
00:17exceeding economists' expectations of 86.8. Chief Economist Dana M. Peterson said comments about
00:24prices, inflation, and the cost of goods remained top concerns, while mentions of trade and politics
00:29increased. A University of Michigan survey found Americans' assessment of the economy improved
00:34slightly in February, though high prices continued to weigh on sentiment. The conference board's data
00:39follow a 0.4% rise in December in the Personal Consumption Expenditures Price Index, reinforcing
00:46why many Fed officials are cautious about further rate cuts. For all things money, visit Benzinga.com.
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