Consumer spending was up in January and consumer confidence is also high. Dr. Perryman explains how this is helpful.
Consumer confidence has hit its lowest level since the November election. Dr. Perryman says that's telling.
The latest surveys of consumers indicate that, as a whole, we are becoming a less optimistic lot. Because our spending on goods and services normally represents around 70% of the economy, that is a source of some concern (although, strangely, our confidence level and our outlays have not been particularly correlated over time).