U.S. consumer confidence jumped 6.5 points to 130.8 in February
U.S. consumer confidence jumped 6.5 points to 130.8 in February, the best since 2000, after rising 1.2 points to 124.3 in January (revised from 125.4). It's well above the 126.1 3-month average, as well as the 116.10 a year ago. It looks as though the tax cut and other measures have helped overshadow the volatility on Wall Street. The present situations component surged to 162.4 from 154.7 (revised from 155.3). The expectations component rose to 109.7 from 104.0 (revised from 105.5). The labor differential increased to 24.7 from 20.9 (revised from 21.2). The 12-month inflation gauge edged up to 4.7 from 4.6%. This is more good news for the economy.