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UMich consumer sentiment comes in higher than expected

The final UMich consumer sentiment index came in better than expected at 91.2 for September. Meanwhile, economists had forecast that the final index would come in at 90.0. However, it wasn't all good news. "Confidence edged upward in September due to gains among higher income households, while the Sentiment Index among households with incomes under $75,000 has remained at exactly the same level for the third consecutive month," Richard Curtin, the Surveys of Consumers chief economist, wrote in the report.
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