- Joel Osteen church victimized in $600K theft
- Obama goes shopping at Gap as minimum-wage thanks
- N.J. woman charged after client dies from black-market butt injections
- CIA chief Brennan ‘determined’ to speak out more this year
- Reset? What reset? U.S.-Russia ties at worst since Cold War
- 9/11 terror plotter released in Syrian prisoner swap
- D.C. elections board gives green light to marijuana legalization initiative
- Elephants can tell difference between human languages: study
- Libyan prime minister ousted by parliament
- Men’s Wearhouse to buy Jos A Bank for $1.8B
Consumers upbeat despite reports
Despite the negative news, the Conference Board’s widely watched index of consumer sentiment rose 9.3 percent in February to its highest level in a year.
The index now stands at 70.8, significantly higher than the expected 63. A reading of 90 or above indicates a healthy economy. But the index has not reached that level since December 2007, when the recession began.
Still, Tuesday’s numbers were closer to levels that indicate a stable economy than to the danger zone that would suggest trouble.
“I think that the economy as a whole is pointed in the right direction, it is recovering,” said Mr. Shea.
© Copyright 2014 The Washington Times, LLC. Click here for reprint permission.
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