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Tag Archives: spending

Consumer confidence at five-year high in June

WASHINGTON — Americans’ confidence in the economy rose to its highest level in more than five years, bolstered by a more optimistic outlook for hiring. The Conference Board, a New York-based private research group, said Tuesday that its consumer confidence ...

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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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