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Consumer confidence surged by its highest rate in six years during May. Jesse Russell reports.

According to the monthly report from the Conference Board the “sentiment index” increased to 54.9, much higher than the projected increase to 42.6. The Conference Board creates the index by surveying 5,000 U.S. households. Consumers expecting business conditions to improve over the next six months increased from 15.7 percent to 23.1 percent.