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Published in TZ Latest News 13 February, 2015 by The TZ Newswire Staff

U.S. consumer sentiment pulls off 11-year high

U.S. consumer sentiment unexpectedly fell in February from an 11-year high amid worries over slowing economic growth, suggesting a recent weakness in spending might last for a while. The ebb in sentiment came despite strong job gains over the last three months, signs of an acceleration in wage growth as well as cheaper gasoline prices, factors that economists had expected would buoy consumer spending in the months ahead.

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