Consumers are turning more pessimistic about their income prospects, an indication that household spending will grow at a slower pace compared with a year earlier.
The Conference Board’s index of U.S. consumer confidence climbed to an almost three-year peak in January, higher than previously estimated, reflecting changes in sampling methodology.
"Looking ahead, consumers have regained confidence in the short-term outlook for the economy and labor market, and are more optimistic about their future earnings potential."
- Lynn Franco on Oct 28, 2014
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