Consumer Sentiment in U.S. Rises to Highest in 14 Months

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American consumer confidence rose to the highest level in more than a year in September, as households’ views on the outlook for the economy brightened.

The Thomson Reuters/University of Michigan preliminary consumer sentiment index rose to 84.6, the highest reading since July 2013, from 82.5 the month before. The median estimate in a Bloomberg survey of 65 economists projected an increase to 83.3.