U.S. consumer confidence jumped to a 17-year high as optimism about employment prospects grew and Americans began seeing additional money in their paychecks from recently enacted tax cuts, data from the New York-based Conference Board showed Tuesday.
Highlights of Consumer Confidence (February)
Confidence index rose to 130.8 (est. 126.5), highest since Nov. 2000, from downwardly revised 124.3 in January
Present conditions measure climbed to 162.4, highest since 2001, from 154.7
Consumer expectations gauge increased to three-month high of 109.7 from 104
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3 comments:
I call BS!
How about you guys?
The FED lies to us about everything.
In my little slice of FL, there area six homes under construction within 1/2 mile of me and all are valued over 2 million dollars. There are another 5 for sale as tear downs at 1 million each. MD and the shore got left behind.
You don't stimulate an already stimulated economy and the , on top of that add more deficit spending
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