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US consumers still confident, but outlook not as rosy

U.S. consumer confidence bounced back in March and remains high, though consumers’ short-term outlook is not quite as rosy. The Conference Board, a business research group, said Tuesday that its consumer confidence index — which takes into account consumers’ assessment of current conditions and their outlook for the future — rose to 107.2 in March from 105.7 in February. The proportion of people planning to purchase homes, automobiles, and major appliances over the next six months all fell as interest rates have risen, the Conference Board said.

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