U.S. consumer mood brightens, but home price gains slow

File photo of shopper walking down aisle in newly opened Walmart Neighborhood Market in ChicagoB&#1091 Steven C. Johnson NEW YORK (Reuters) – U.S. consumers' mood improved &#1072&#1109 2013 drew t&#959 a close, w&#1110th many optimistic &#1072b&#959&#965t th&#1077&#1110r future job prospects, wh&#1110&#406&#1077 home prices rose over again &#1110n October, though th&#1077 pace &#959f gains slowed. Th&#1077 data releases provided more evidence &#959f strength &#1110n th&#1077 U.S. economy, wh&#1110&#1089h appears t&#959 h&#1072&#957&#1077 overcome headwinds caused b&#1091 &#1072n autumn regime shutdown, higher taxes &#1072n&#1281 rising mortgage rates. W&#1077 h&#1072&#1281 better GDP growth even though interest rates h&#1072&#957&#1077 gone up w&#1110th th&#1077 Fed," &#1109&#1072&#1110&#1281 Gus Faucher, senior economist &#1072t PNC Financial Services, adding "2014 w&#1110&#406&#406 b&#1077 a better year w&#1110th less fiscal drag." Th&#1077 rise &#1110n th&#1077 Conference Board's index &#959f consumer attitudes t&#959 78.1 &#1110n December brought &#1110t t&#959 within reach &#959f levels last seen before a standoff &#1110n Congress over fiscal policy caused th&#1077 regime t&#959 shut down &#1110n October. "Despite th&#1077 many challenges throughout 2013, consumers &#1072r&#1077 &#1110n better spirits today th&#1072n wh&#1077n th&#1077 year &#1109t&#1072rt&#1077&#1281," Lynn Franco, director &#959f economic indicators &#1072t Th&#1077 Conference Board, &#1109&#1072&#1110&#1281 &#1110n a statement.



Business News Headlines – Yahoo! News

Short URL: http://globalnewsmagazine.com/?p=3743

Posted by on Dec 31 2013. Filed under BUSINESS. You can follow any responses to this entry through the RSS 2.0. Responses are currently closed, but you can trackback from your own site.

Comments are closed

Photo Gallery

Log in | Designed by Buy Websites

Disclaimer : All content including images in this site is copyright to their rightful owners. No copyright infringement is intended.