Consumer sentiment plunges as US ‘frightened’ of ‘sharply higher prices’
2 weeks ago

Consumer sentiment plunges as US ‘frightened’ of ‘sharply higher prices’

Al Jazeera  

Weakness in sentiment reflects a deterioration in expectations for the future across multiple facets of the economy, including personal finances, employment, inflation. Consumer sentiment in the United States has plunged to a nearly two-and-a-half-year low, and inflation expectations have soared amid worries that President Donald Trump’s sweeping tariffs, which have ignited a trade war, would boost prices and undercut the economy. Fears of higher prices, which drove consumers’ long-term inflation expectations to levels last seen in early 1993, create a challenge for Federal Reserve officials as they consider the next steps for monetary policy. “The consumer is frightened and sees sharply higher prices ahead despite the assurances from Washington that trade tariffs are good for the economy.” The University of Michigan said its Consumer Sentiment Index dropped to 57.9, the lowest level since November 2022, from a final reading of 64.7 in February. Consumers’ 12-month inflation expectations jumped to 4.9 percent, the highest since November 2022, from a 4.3 percent prediction in February.

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Consumer confidence is sliding as Americans' view of their financial futures slumps to a 12-year low
Top News
2 days, 17 hours ago

Consumer confidence is sliding as Americans' view of their financial futures slumps to a 12-year low

Hindustan Times  

WASHINGTON — U.S. consumer confidence continued its sharp 2025 decline as Americans’ views about their financial futures slumped to a 12-year low, driven by rising anxiety over tariffs and inflation. Consumer confidence is sliding as Americans' view of their financial futures slumps to a 12-year low The Conference Board reported Tuesday that its consumer confidence index fell 7.2 points in …

US consumer confidence falls for 4th consecutive month, hits 12-year low
Trending News
2 days, 21 hours ago

US consumer confidence falls for 4th consecutive month, hits 12-year low

Firstpost  

The consumer confidence index measures both Americans’ assessment of current economic conditions and their outlook for the next six months. US consumer confidence fell for the fourth straight month as Americans’ anxiety about their financial future declined to a 12-year low amid rising concern over tariffs and inflation. The Conference Board reported Tuesday that its consumer confidence index fell 7.2 …

Consumer confidence is sliding as Americans’ view of their financial futures slumps to a 12-year low
Trending News
2 days, 21 hours ago

Consumer confidence is sliding as Americans’ view of their financial futures slumps to a 12-year low

Associated Press  

WASHINGTON — U.S. consumer confidence continued its sharp 2025 decline as Americans’ views about their financial futures slumped to a 12-year low, driven by rising anxiety over tariffs and inflation. The Conference Board reported Tuesday that its consumer confidence index fell 7.2 points in March to 92.9, the fourth straight monthly decline and its lowest reading since January of 2021. …

US consumer confidence plunges to four-year low
Top News
3 days, 11 hours ago

US consumer confidence plunges to four-year low

Al Jazeera  

Americans’ short-term expectations for income, business and the job market also fell due to worries about tariffs and prices. Consumer confidence in the United States has continued its sharp 2025 decline as Americans’ views about their financial futures slumped to a 12-year low, driven by rising anxiety over tariffs and inflation. The Conference Board reported on Tuesday that its consumer …

US consumer confidence tumbles for the 4th straight month as future expectations hit a 12-year low
3 days, 11 hours ago

US consumer confidence tumbles for the 4th straight month as future expectations hit a 12-year low

India Today  

U.S. consumer confidence fell for the fourth straight month as Americans’ anxiety about their financial futures declined to a 12-year low amid rising concern over tariffs and inflation. The Conference Board’s report Tuesday said that the measure of Americans’ short-term expectations for income, business and the job market fell 9.6 points to 65.2. “Consumers’ optimism about future income — which …

The Federal Reserve sees tariffs raising inflation this year and keeps key rate unchanged
1 week, 2 days ago

The Federal Reserve sees tariffs raising inflation this year and keeps key rate unchanged

Associated Press  

WASHINGTON — The Federal Reserve kept its benchmark interest rate unchanged Wednesday and signaled that it still expects to cut rates twice this year even as it sees inflation staying stubbornly elevated. I do think with the arrival of the tariff inflation, further progress may be delayed.” On his Truth Social platform late Wednesday, Trump posted: “The Fed would be …

US shoppers increased spending tepidly last month as anxiety over the economy rises
Trending News
1 week, 3 days ago

US shoppers increased spending tepidly last month as anxiety over the economy rises

Hindustan Times  

WASHINGTON — US shoppers stepped up their spending a just bit in February after a sharp pullback the previous month, signaling that Americans are shopping more cautiously as concerns about the direction of the economy mount. US shoppers increased spending tepidly last month as anxiety over the economy rises Retail sales rose just 0.2% in February, a small rebound after …

Americans increased spending tepidly last month as anxiety over the economy takes hold
1 week, 3 days ago

Americans increased spending tepidly last month as anxiety over the economy takes hold

Associated Press  

WASHINGTON — U.S. shoppers stepped up their spending just a bit in February after a sharp pullback the previous month, signaling that Americans are shopping more cautiously as concerns about the direction of the economy mount. Walmart, the nation’s largest retailer and a bellwether for the retail sector, released a weak outlook last month citing uncertainty around tariffs. Also Monday, …

US Sentiment Drops, Price Expectations Soar on Tariffs
1 week, 4 days ago

US Sentiment Drops, Price Expectations Soar on Tariffs

Live Mint  

-- US consumer sentiment fell to a more than two-year low and long-term inflation expectations jumped by the most since 1993, illustrating growing apprehension about the economic impact from tariffs. The preliminary March sentiment index dropped to 57.9, the lowest level since November 2022, from 64.7 a month earlier, according to University of Michigan data issued Friday. As the scope …

'Terrified': 'Shocking' new numbers seen as 'referendum on Trump's mishandling of economy'
1 week, 4 days ago

'Terrified': 'Shocking' new numbers seen as 'referendum on Trump's mishandling of economy'

Raw Story  

Data published Friday shows that U.S. consumer sentiment cratered in early March to its lowest level since late 2022 as President Donald Trump's erratic tariff policies and assault on the federal government—the nation's largest employer—spurred far-reaching economic chaos. The University of Michigan's closely watched consumer confidence gauge shows that sentiment "slid another 11% this month, with declines seen consistently across …

Inflation vs Growth: What’s bothering US consumers the most ahead of US Fed policy meeting? Survey reveals..
1 week, 5 days ago

Inflation vs Growth: What’s bothering US consumers the most ahead of US Fed policy meeting? Survey reveals..

Live Mint  

Inflation vs Growth: US consumer sentiment plunged to a 2-1/2-year low in March 2025, and inflation expectations soared amid concerns that US President Donald Trump's sweeping tariffs, which have ignited a trade war, would boost prices. The preliminary report shows that consumers’ expectations of annual US inflation climbed to 3.9 per cent from 3.5 per cent, the largest monthly jump …

Whipsawed by Trump’s tariffs, the US public is getting a lot more nervous about the economy
1 week, 6 days ago

Whipsawed by Trump’s tariffs, the US public is getting a lot more nervous about the economy

Associated Press  

WASHINGTON — President Donald Trump’s volatile tariff threats are unleashing historic jumps in public anxiety, with the potential to undermine his pledges to strengthen a U.S. economy that is increasingly weakened. Along with a ferocious stock market selloff and downgrades to growth estimates by Wall Street economists, the latest confidence numbers are evidence of possible blowback facing Trump, who just …

'Bloodbath': Observers shocked as consumer sentiment plunges after two months of Trump
1 week, 6 days ago

'Bloodbath': Observers shocked as consumer sentiment plunges after two months of Trump

Raw Story  

President Donald Trump hasn't even been in office for two months, but some say that's been enough to send consumer sentiment sliding in the United States. The University of Michigan's monthly Surveys of Consumers found that consumer sentiment plunged by more than 10 percent in March from the previous month and that consumer expectations of future economic conditions plummeted by …

American consumer sentiment plunges on trade war fears
2 weeks ago

American consumer sentiment plunges on trade war fears

CNN  

Washington CNN — The Trump bump in consumer sentiment is now a Trump slump. Americans’ expectations for inflation in the year ahead climbed to 4.9% this month from 4.3%, the highest level since November 2022 “and marking three consecutive months of unusually large increases of 0.5 percentage points or more,” according to a release. “And the biggest driver of consumption …

American consumer sentiment plunges on trade war fears
2 weeks ago

American consumer sentiment plunges on trade war fears

CNN  

Washington CNN — The Trump bump in consumer sentiment is now a Trump slump. Americans’ expectations for inflation in the year ahead climbed to 4.9% this month from 4.3%, the highest level since November 2022 “and marking three consecutive months of unusually large increases of 0.5 percentage points or more,” according to a release. “And the biggest driver of consumption …

US consumer price growth slows in February, but Trump tariffs expected to boost inflation in coming months
2 weeks, 1 day ago

US consumer price growth slows in February, but Trump tariffs expected to boost inflation in coming months

Hindustan Times  

U.S. consumer prices increased less than expected in February, but the improvement is likely temporary against the backdrop of aggressive tariffs on imports that are expected to raise the costs of most goods in the months ahead. The consumer price index rose 0.2% last month after accelerating 0.5% in January, the Labor Department's Bureau of Labor Statistics said on Wednesday. …

Retail inflation likely fell below 4% in February: Report
Trending News
2 weeks, 4 days ago

Retail inflation likely fell below 4% in February: Report

India Today  

India's February consumer inflation likely eased below the Reserve Bank of India's medium-term target of 4.0% for the first time in six months on moderating food price rises, a Reuters poll showed, bolstering expectations of interest rate cuts. As fresh winter produce hit markets over the past few months, food items - which make up nearly half of the inflation …

Inflation is easing, but another alarm bell is ringing about the US economy
1 month ago

Inflation is easing, but another alarm bell is ringing about the US economy

CNN  

CNN — The Federal Reserve’s preferred inflation gauge cooled as expected in January; however, the good news came with another potential red flag for the US economic engine: Consumers pulled back their spending by the most in nearly four years. The Personal Consumption Expenditures price index rose 2.5% in January from the year before, slowing from December’s 2.6% annual rate, …

Consumer confidence falls the most since 2021 over fears about inflation and tariffs
1 month ago

Consumer confidence falls the most since 2021 over fears about inflation and tariffs

NPR  

Consumer confidence falls the most since 2021 over fears about inflation and tariffs toggle caption Patrick T. Fallon/AFP Consumer confidence fell sharply in February as Americans wrestled with stubborn inflation and the looming threat of more tariffs. A report from the Conference Board Tuesday showed the sharpest one-month drop in confidence since August 2021. "This increase likely reflected a mix …

Consumer confidence hasn't fallen this much since 2021
1 month ago

Consumer confidence hasn't fallen this much since 2021

Salon  

Consumers aren’t liking what they see in the economy right now. The Conference Board’s Consumer Confidence Index dropped by 7 points to 98.3 for February, below the Dow Jones consumer forecast of 102.3, according to CNBC, marking the largest monthly decline in consumer sentiment since August 2021. “Pessimism about future employment prospects worsened and reached a ten-month high.” Additionally, the …

Consumer confidence: Americans are souring on the economy. Inflation and tariffs are to blame
Trending News
1 month ago

Consumer confidence: Americans are souring on the economy. Inflation and tariffs are to blame

CNN  

Washington CNN — The American consumer is getting worried about the economy. Stephanie Guichard, senior economist, global indicators, at The Conference Board, said in a release that “consumers became pessimistic about future business conditions and less optimistic about future income.” The Fed and inflation fears For the Federal Reserve, it’s critical that Americans have faith that inflation will eventually return …

Wall Street falls as U.S. consumers get more pessimistic about inflation, tariffs
1 month ago

Wall Street falls as U.S. consumers get more pessimistic about inflation, tariffs

LA Times  

A large U.S. flag is displayed on the New York Stock Exchange. The U.S. stock market has been generally struggling since the middle of last week after several weaker-than-expected reports on the economy thudded onto Wall Street. Some of Wall Street’s brightest stars lost more of their shine Tuesday after another report said U.S. households are getting more pessimistic about …

If Trump wants to fix the inflation crisis, he has a funny way of showing it
1 month ago

If Trump wants to fix the inflation crisis, he has a funny way of showing it

CNN  

CNN — Inflation appeared nearly defeated just a few months ago, but price hikes started accelerating again, led in particular by rising egg prices and fuel costs. The survey found that Americans are losing confidence in the economy, driven primarily by worries over Trump’s tariffs potentially boosting inflation. A new CNN poll released last Thursday similarly showed pessimism on the …

New data shows consumer sentiment about the economy is down
1 month ago

New data shows consumer sentiment about the economy is down

NPR  

New data shows consumer sentiment about the economy is down SCOTT SIMON, HOST: New data says that consumer sentiment is down, and prices are to blame. GOOLSBEE: When the Fed is fighting inflation, it's not actually trying to get the price level back to what it was five years ago. That said, there are certain public prices that have a …

'America’s economic mood is souring — and Trump is getting the heat': CNN
1 month ago

'America’s economic mood is souring — and Trump is getting the heat': CNN

Raw Story  

Consumer sentiment numbers released on Friday show that consumer sentiment plunged over the last month, as prices on consumer staples such as eggs and coffee rose significantly. Or as CNN put it in its report on the latest University of Michigan consumer sentiment survey, "America’s economic mood is now souring — and Trump is getting the heat for it." The …

US consumer sentiment plunges over tariff and inflation fears
1 month, 1 week ago

US consumer sentiment plunges over tariff and inflation fears

CNN  

Washington CNN — Inflation is picking up again and President Donald Trump said this week it’s all his predecessor’s fault. A new CNN poll released Thursday similarly showed pessimism on the rise because of prices: Nearly two thirds of US adults nationwide, 62%, said they feel Trump’s isn’t doing enough to address inflation. “A trade policy uncertainty index by a …

Jonathan Levin: Trump fanned the inflation fears that haunt his presidency now
1 month, 2 weeks ago

Jonathan Levin: Trump fanned the inflation fears that haunt his presidency now

Live Mint  

Inflation concerns may well have given Donald Trump the US presidency. The University of Michigan’s latest survey shows that consumers expect costs to rise 4.3% over the next year, the worst inflation expectations since 2023. In mid-2022, Powell even cited rising consumer inflation expectations as justification for delivering the biggest single policy-rate increase since 1994. Indeed, the latest Michigan survey …

Did prices jump in January? Inflation report will provide latest update on consumer costs
1 month, 2 weeks ago

Did prices jump in January? Inflation report will provide latest update on consumer costs

Associated Press  

WASHINGTON — Inflation likely stayed elevated last month in the latest sign that consumer price growth has gotten stuck after declining for much of last year. Wednesday’s inflation report will be closely watched to see if a recent trend that has bedeviled the inflation-fighters at the Federal Reserve will continue: In January 2024, prices jumped sharply in part because many …

'Trump bump is over': Confidence free falls as voters blame President for market 'chaos'
1 month, 2 weeks ago

'Trump bump is over': Confidence free falls as voters blame President for market 'chaos'

Raw Story  

During the 2024 presidential race, Donald Trump repeatedly claimed that the U.S. economy was terrible under then-President Joe Biden and then-Vice President Kamala Harris. Wall Street Journal reporters Rachel Wolfe and Joe Pinsker examine consumer confidence in an article published on February 7, laying out some reasons why it appears to be declining during Trump's second presidency. "Tariff threats, stock …

US consumer confidence dips again to start the year, according to business group
1 month, 3 weeks ago

US consumer confidence dips again to start the year, according to business group

Associated Press  

WASHINGTON — U.S. consumer confidence dipped for the second consecutive month in January, a business research group said Tuesday. The consumer confidence index measures both Americans’ assessment of current economic conditions and their outlook for the next six months. The board said that consumers’ view of current conditions tumbled 9.7 points to a reading of 134.3 in January and views …

UK consumer morale sinks to lowest since late 2023: GfK survey
2 months ago

UK consumer morale sinks to lowest since late 2023: GfK survey

Live Mint  

Jan 24 - British consumer confidence sank this month to its lowest level in over a year, marking the steepest drop between the months of December and January since 2011, according to a survey that added to signs of a slowdown in the economy. The monthly consumer confidence index published by market research firm GfK fell in January to -22 …

Watch What Consumers Do, Not How They Feel
2 months, 1 week ago

Watch What Consumers Do, Not How They Feel

Live Mint  

-- Over the past few years, even as they have been gritting their teeth and complaining about higher prices, consumers have been fueling US economic growth. Consumer spending has been partially driven over the past three years by excess savings accumulated during the pandemic, which reached a peak of $8,000 per adult in August 2021. While the higher interest rates …

Policy risks to cloud US growth prospects
3 months ago

Policy risks to cloud US growth prospects

China Daily  

US President-elect Donald Trump. WASHINGTON — US consumer confidence fell unexpectedly in December, according to survey data published Monday, as concerns were raised about the impact of tariffs on the economy before President-elect Donald Trump takes office. The US consumer confidence index slipped to 104.7 in December, down from a revised 112.8 last month, The Conference Board think tank announced …

American consumers feeling less confident in December, Conference Board says
3 months ago

American consumers feeling less confident in December, Conference Board says

Associated Press  

American consumers are feeling less confident in December, a business research group says. The Conference Board said Monday that its consumer confidence index fell back in December to 104.7 from 112.8 in November. Consumers had been feeling increasingly confident in recent months, spending more in the run-up to the all-important holiday shopping season. The consumer confidence index measures both Americans’ …

Germany's consumer confidence to remain subdued
Top News
3 months, 1 week ago

Germany's consumer confidence to remain subdued

China Daily  

FILE PHOTO: Workers of Europe's largest carmaker Volkswagen AG gather during pay-rise protests on the grounds of VW's main plant in Wolfsburg, Germany, December 2, 2024. A survey released on Thursday showed consumer confidence in Germany is projected to improve slightly in early 2025, though overall sentiment remains subdued due to ongoing concerns about elevated food and energy costs, along …

Germany's consumer confidence to remain subdued
3 months, 1 week ago

Germany's consumer confidence to remain subdued

China Daily  

By JONATHAN POWELL in London | China Daily Global | Updated: 2024-12-20 10:21 FILE PHOTO: Workers of Europe's largest carmaker Volkswagen AG gather during pay-rise protests on the grounds of VW's main plant in Wolfsburg, Germany, December 2, 2024. A survey released on Thursday showed consumer confidence in Germany is projected to improve slightly in early 2025, though overall sentiment …

Germany's consumer confidence to remain subdued
Top News
3 months, 1 week ago

Germany's consumer confidence to remain subdued

China Daily  

FILE PHOTO: Workers of Europe's largest carmaker Volkswagen AG gather during pay-rise protests on the grounds of VW's main plant in Wolfsburg, Germany, December 2, 2024. A survey released on Thursday showed consumer confidence in Germany is projected to improve slightly in early 2025, though overall sentiment remains subdued due to ongoing concerns about elevated food and energy costs, along …

US consumer price increases accelerated last month with inflation pressures resilient
4 months ago

US consumer price increases accelerated last month with inflation pressures resilient

Associated Press  

WASHINGTON — Consumer price increases accelerated last month, the latest sign that inflation’s steady decline over the past two years has stalled in recent months. According to the Federal Reserve’s preferred inflation gauge, consumer prices rose 2.3% in October from a year earlier, the Commerce Department said Wednesday. Yet excluding the volatile food and energy categories, so-called “core” prices also …

US consumers see greater optimism in November on jobs boost
4 months ago

US consumers see greater optimism in November on jobs boost

Hindustan Times  

US consumer confidence improved in November, according to survey data released Tuesday, boosted by greater optimism surrounding the labor market. US Consumers were “substantially more optimistic” about job availability in the future, which reached its highest level in around three years, she added. "November's increase was mainly driven by more positive consumer assessments of the present situation, particularly regarding the …

US consumer confidence ticks higher on better outlook for hiring
4 months ago

US consumer confidence ticks higher on better outlook for hiring

Associated Press  

WASHINGTON — Americans’ outlook on the economy improved modestly in November, lifted by expectations for lower inflation and more hiring. Rising consumer confidence suggests Americans may spend more in the coming months, which would help boost economic growth. The Conference Board doesn’t break out its responses by party, but another measure of consumer sentiment by the University of Michigan showed …

Price warning as 17-month run of falling shop inflation ends
4 months ago

Price warning as 17-month run of falling shop inflation ends

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy A 17-month-long run of falling shop inflation has ended, with …

Partisan Divide Impacts US Consumer Sentiment
4 months ago

Partisan Divide Impacts US Consumer Sentiment

Bloomberg  

00:00 FROM THE MICHIGAN CONSUMER SENTIMENT INDEX. TYLER: THE CONSUMER SENTIMENT READING WAS THE FIRST SINCE ELECTION DAY AND CHOSE STARK DIFFERENCES BETWEEN REPUBLICANS AND DEMOCRATS WHEN IT COMES TO THE OUTLOOK OF THE U.S. ECONOMY. ANOTHER INDICATOR OUT TODAY SHOWS APPARENT ANTICIPATION OF ROGUE BUSINESS POLICIES UNDER THE INCOMING ADMINISTRATION ACCORDING TO THE PER LIMITARY READ OF THE S …

UK consumer confidence improves after slowdown in inflation
5 months, 1 week ago

UK consumer confidence improves after slowdown in inflation

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Consumer confidence across UK households …

Column: American economists and consumers got inflation wrong during its recent surge. They still do
6 months ago

Column: American economists and consumers got inflation wrong during its recent surge. They still do

LA Times  

Sen. JD Vance tried to blame the $4 price of a dozen eggs on Kamala Harris in this campaign video. The “strong policy response” Powell referred to was the Fed’s raising of short-term interest rates 11 times, a total of 5.25 percentage points, from March 2022 through July 2023. In November 2021, however, Powell told Congress that it was “probably …

American consumers are feeling less confident as concerns about jobs take center stage
6 months ago

American consumers are feeling less confident as concerns about jobs take center stage

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy American consumers are feeling less …

US consumer sentiment rises slightly on Democratic optimism over Harris’ presidential prospects
7 months, 1 week ago

US consumer sentiment rises slightly on Democratic optimism over Harris’ presidential prospects

Associated Press  

WASHINGTON — A surge in optimism by Democrats over the prospects of Vice President Kamala Harris lifted U.S. consumer sentiment slightly this month. “Consumers are still pretty glum overall by historical standards, but sentiment is on an improving trend,’' said Carl Weinberg, chief economist at High Frequency Economics. The Michigan survey shows that consumers’ expectations for future inflation have come …

Anxiety over persistent inflation helps drive down US consumer sentiment for third consecutive month
9 months, 1 week ago

Anxiety over persistent inflation helps drive down US consumer sentiment for third consecutive month

Associated Press  

WASHINGTON — U.S. consumer sentiment fell in June for the third straight month as Americans took a dimmer view of their own finances and worried about persistent inflation. The University of Michigan’s consumer sentiment index, released Friday in a preliminary version, dropped to 65.6 this month from a final reading of 69.1 in May. AP AUDIO: Anxiety over persistent inflation …

US inflation eases to 3.3% in May, defying expectations for slight rise
9 months, 2 weeks ago

US inflation eases to 3.3% in May, defying expectations for slight rise

Hindustan Times  

Stock markets surged Wednesday after data showed US inflation slowed in May, raising hopes the Federal Reserve will cut interest rates later this year. "The cool inflation numbers should boost investor confidence for a Fed rate cut in the second half of 2024," said Bret Kenwell, US investment analyst at trading platform eToro. With inflation slowing and other recent data …

U.S. Inflation Eased Last Month In The First Slowdown Of 2024
10 months, 1 week ago

U.S. Inflation Eased Last Month In The First Slowdown Of 2024

Huff Post  

LOADING ERROR LOADING WASHINGTON — Consumer inflation in the United States cooled slightly last month after three elevated readings, likely offering a tentative sigh of relief for officials at the Federal Reserve as well as President Joe Biden’s re-election team. Instead, he stressed that the Fed’s policymakers need “greater confidence” that inflation is falling to their 2% target level before …

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