U.S. consumer sentiment jumps as tax cuts blunt stock drop

U.S. CONSUMER PRICES increased 0.2 percent in February from January, keeping the economy on the Federal Reserve's preferred inflation path. / BLOOMBERG FILE PHOTO/MICHAEL NAGLE
U.S. CONSUMER PRICES increased 0.2 percent in February from January, keeping the economy on the Federal Reserve's preferred inflation path. / BLOOMBERG FILE PHOTO/MICHAEL NAGLE
NEW YORK - U.S. consumer sentiment unexpectedly rose in February to the second-highest level since 2004 as tax cuts and a strong job market helped Americans shrug off stock-market volatility, a University of Michigan survey showed Friday. Highlights of Michigan sentiment (February, preliminary) Sentiment index rose to 99.9 (est. 95.5), highest since October’s 13-year high, from…

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