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Declining energy prices cheer U.S. consumers

By BFN News | 03:39 PM | Friday 11 May, 2012


Consumer sentiment in the U.S. has reached its highest level since January 2008, just before the recession started. The preliminary reading of the University of Michigan-Thomson Reuters index rose to 77.8 from 76.4 last month with declining energy prices appearing to have offset a slowdown in the growth of new jobs. Story provided by StockMarketWire.com