U.S. consumer sentiment showing gradual improvement: University of Michigan
The numbers: The University of Michigan’s gauge of consumer sentiment rose slightly to a final December reading of 70.6 from the initial reading of 70.
4, staying above November’s final level of 67.4.Big picture: Sentiment has been pressured lately by high U.S. inflation, with a sharp drop in November for the UMich gauge’s initial reading that month to the lowest level in a decade — 66.8.
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