10-02-2017 16:12 via feedproxy.google.com

US consumer confidence drops for the first time since the election

Various measures of US consumer confidence have spiked since the election in November. 
But for the first time since October, the University of Michigan's survey of consumers showed a drop in expectations for economic growth. 
The preliminary sentiment index for February slipped from a 12-year high in January to 95.7. It had been forecast at 98, down from 98.5, according to Bloomberg. 
"To be sure, confidence remains quite favorable, with only five higher readings in the past
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