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• The Conference Board said yesterday that its monthly index of consumer confidence hit a nine-year high in November, jumping "to 107.1 in November after dropping to an upwardly revised 100.8 in October." The Wall Street Journal reports that "the results showed consumers shrugging off uncertainty ahead of the U.S. presidential election, as most people in the survey were contacted before Nov. 8. A small sample of respondents was polled following the election, with a cutoff date of Nov. 15."

One analyst said that the report was "consistent with an improving labor market and solid growth in consumer spending." And another economist said that "whether the increase reflects merely relief that it’s over or joy on the part of Trump supporters is unclear, but the bottom line is that the index is now at its highest since July 2007."
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