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U.S. consumer confidence near 17-year high; goods trade deficit widens

From Reuters:

U.S consumer confidence surged to a near 17-year high in November, driven by a robust labor market, while house prices rose sharply in September, which should underpin consumer spending and boost economic growth.

The near-term growth outlook was, however, marred by other data on Tuesday showing a big rise in the goods trade deficit in October and a drop in inventory accumulation. The wider goods trade gap and weak inventory investment prompted economists to slash their fourth-quarter gross domestic product estimates.

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