Consumer Confidence ‘Steady’ Despite Weak Wages, No Spending, Slow Growth

by Tyler Durden
ZeroHedge.com
Apr 28, 2017

Apart from stagnant wage growth, dismal economic growth, and tumbling spending growth, Americans remain ‘confident’ according to University of Michigan. Current conditions fell very modestly but ‘hope’ rose to its highest since January. Inflation expectations were steady (near record lows) but buying climates improved MoM.

It seems UMich respondents do not care about wage growth (just the Nasdaq)…

The Rest…HERE

This entry was posted on Friday, April 28th, 2017 at 10:30 am and is filed under Economics. You can follow any responses to this entry through the RSS 2.0 feed.