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Tag Archives: spending

Measure of U.S. consumer confidence at six-year high

WASHINGTON — A measure of U.S. consumer confidence jumped to its highest level in almost six years in May, lifted by rising home prices and record stock market gains. Greater confidence could help revive spending in coming months. The University ...

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Consumer credit-card use falls in March, though spending up

WASHINGTON — Americans cut back on using their credit cards in March, suggesting many were reluctant to take on high-interest debt to make purchases. Consumer borrowing rose just $8 billion in March from February to a seasonally adjusted $2.81 trillion, ...

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Rate on 30-year mortgage declines to 3.54 pct.

WASHINGTON — Average U.S. rates on fixed mortgages fell this week and remained near historic lows, a trend that has supported a recovery in housing. Freddie Mac said Thursday that the average rate for the 30-year loan fell to 3.54 ...

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Senate nears vote on $50.5B bill for Sandy victims

WASHINGTON — Three months after Superstorm Sandy devastated coastal areas in much of the Northeast, the Senate moved Monday toward passing a $50.5 billion emergency package of relief and recovery aid after House Republicans stripped it of spending unrelated to ...

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