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Consumer Confidence Rises
Description
U.S. consumer confidence edged up to 91.8 in March, beating the 88.0 estimate, but underlying data was weak — job openings fell to 6.88M and hiring hit a six-year low of 4.85M. Inflation expectations jumped to 5.2% as gas topped $4/gallon. Unemployment rose to 4.4% in February as trade and immigration policy uncertainty weighed on labor demand.
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