U.S. consumer confidence, house prices offer hope for economy

0
646

Woman shops at The Grove mall in Los Angeles

By reuters.com

U.S. consumer confidence rebounded strongly in March amid optimism over the labor market while house prices increased in January, hopeful signs that a recent sharp slowdown in economic activity was probably a blip.
A combination of harsh winter weather, a now-settled labor dispute at the country’s busy West Coast ports, softer global demand and a strong dollar dampened growth early in the first quarter.
The moderation in activity is a replay of early 2014, when an unseasonably cold winter caused a contraction in output, which was followed by a sharp rebound in growth.

“Rising confidence and home prices adds to the belief that the first-quarter slowdown will be temporary,” said Joel Naroff, chief economist at Naroff Economic Advisors in Holland, Pennsylvania.
“Read the Full Article at www.reuters.com >>>>”

ATTENTION READERS
Due to the nature of independent content, VT cannot guarantee content validity.
We ask you to Read Our Content Policy so a clear comprehension of VT's independent non-censored media is understood and given its proper place in the world of news, opinion and media.

All content is owned by author exclusively. Expressed opinions are NOT necessarily the views of VT, other authors, affiliates, advertisers, sponsors, partners or technicians. Some content may be satirical in nature. All images within are full responsibility of author and NOT VT.

About VT - Read Full Policy Notice - Comment Policy