Economic Insights – May 2014

Now, let's take an in-depth look at where the economy is headed in 2014.

We are still waiting for the government to release its consumer spending and personal income numbers for March, when the weather began to improve. However, in February, consumers braved the weather, lifting spending 0.3 percent. And, we expect further healthy gains as weather patterns return to normal in the second quarter.

Through February, consumer spending was up 3 percent from a year earlier, but up at only a 2.1 percent annual rate in the December-to-F.....