U.S. consumer sentiment rebounded in early June, beating expectations, according to a report released on Friday. (Tweet this)
The Thomson Reuters/University of Michigan's preliminary June reading on the index was 94.6. That beats the previous month's reading of 90.7 and Reuters' estimates for 91.5.
"Consumer confidence rebounded in early June, regaining its average level recorded since the start of the year. The June gain was due to the most favorable personal financial prospects since 2007, with households expecting the largest wage gains since 2008," said Surveys of Consumers Chief Economist Richard Curtin in a statement.
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