The Glasshouse Report

Wednesday, July 26, 2017

Pickup in Confidence Shows Americans Upbeat on Jobs, Economy


By Bloomberg, July 25, 2017

With unemployment near a 16-year low and U.S. stocks reaching record highs, consumers remain upbeat, which should continue to support the household spending that accounts for about 70 percent of U.S. gross domestic product. Even so, the post-election surge in sentiment has yet to translate into a similar economic boost. Faster wage gains and improved prospects for fiscal stimulus could propel confidence further in coming months. The Conference Board’s data contrast with surveys from the University of Michigan and Bloomberg Consumer Comfort Index showing sentiment ebbing in recent weeks..

Read More: https://www.bloomberg.com

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