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Consumer confidence hits 130.8 in February vs expectation of 126.3

U.S. consumer confidence surged in February, building off its rebound from January and reaching the highest level since 2000.

The Conference Board’s measure of consumer attitudes on current and future economic conditions increased to 130.80 in February, up from 124.30 in January.

Feelings about short-term economic prospects, in particular, shot back up in January after declining sharply the month before.