|Consumer confidence jumps to highest since 2007|
|News - St Augustine Area & St Johns County|
WASHINGTON — Confidence among U.S. consumers soared in July to the highest level in almost seven years as Americans grew more upbeat about the labor market and the outlook for the economy.
The Conference Board’s index rose to 90.9, the highest since October 2007, from a revised 86.4 in June, according to the New York-based private research group said Tuesday. The gauge exceeded the most optimistic forecast in a Bloomberg survey in which the median called for an 85.4 reading.
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