Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Market
August Consumer Confidence Up More Than Expected
NEW YORK (8/28/13)--Consumer confidence among U.S. citizens unexpectedly rose in August while Americans' views on the economy became more positive (Bloomberg.com and Moody's Economy.com Aug. 27). 
 
Private New York-based research group The Conference Board said its index of sentiment rose to 81.5 from 81 in July. The median August forecast of economists was 79, according to a Bloomberg survey.
 
Increased wealth connected to higher stock portfolios and home values, and ongoing job growth are helping to maintain household spending, Bloomberg said.   
 
Consumers anticipate more income gains and employment opportunities in the next six months, the Conference Board's report indicated, said Bloomberg.
 
As interest rates stabilize, there may be fading concern about interest rates heading upward, and there is ongoing good news about jobs and wealth accumulation, Jonathan Basile, an economist at Credit Suisse in New York, told Bloomberg
RSS print
News Now LiveWire
Goodwill Industries latest to report data security breach http://t.co/gIaXNsT4Bk
15 hours ago
CUNA economist Schenk discusses regulators' focus on interest-rate risk. See CU Magazine: http://t.co/tW1p9rTSSv
17 hours ago
Fed issues annual report on general-use prepaid cards in gov't-administered payment programs. http://t.co/3zPhejSPZt
17 hours ago
Children in foster care face higher risk of identity theft via @NBCNews http://t.co/Dif0hCfBdA
17 hours ago
.@Cornerstone_CUL's leadership conference includes food drive for San Antonio food bank http://t.co/h2O8O4TxuD
18 hours ago