Americans’ View on Economic Outlook Improves to Four-Month High
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Americans’ view of the economic outlook improved in September as stock prices rallied to a five-year high.
The gap between positive and negative expectations narrowed to minus 8 this month, the highest reading since May, as the percentage saying the U.S. was heading in the wrong direction dropped by the most in three years, according to results of the Bloomberg Consumer Comfort Index. The weekly measure rose to a seven-week high of minus 40.8 in the period ended Sept. 16 from minus 42.2.