Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

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
.@LACULeague in @DailyComet: #creditunions' "old" benefits attractive to new generation http://t.co/AzOv3nB7IB
3 hours ago
At @FTC request, court halts operations of an alleged debt-relief scammer calling itself “FTC Credit Solutions.” http://t.co/qMsDBmKExH
8 hours ago
.@daytondailynews : The secret is out about #creditunions http://t.co/Aqu3pFTROV @DayAirCU @CODECreditUnion
8 hours ago
.@CUNA's @Nussle on @SenatorReid :(2of2)On behalf of more than 102M #CU members,I thank him 4 his leadership over the yrs/wish him the best.
10 hours ago
.@CUNA CEO Nussle on Sen. Reid’s decision not 2 seek re-election (1of2): Sen. Reid has a long history of #CU support throughout his career.
10 hours ago