Economic Insights – February 2015

Consumer confidence rose in January to its highest level in a decade. Gains in employment and incomes, as well as declines in gasoline prices, were cited by record numbers of consumers as signs that the economy is improving.

More consumers spontaneously cited increases in their household incomes in early January than any time in the past decade, and more households reported unprompted references to favorable employment prospects as well as lower prices than at any other time in the more than half-century history of the surveys.

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