American consumers no longer so confident | North Salem NY Real Estate

Consumer confidence fell in August from a six-year high as Americans observed rising interest rates and fluctuating stocks caused by uncertainty surrounding the Fed’s plans for quantitative easing, Bloomberg reports

The publication studied the Thomson Reuters/University of Michigan index of consumer sentiment and released the following findings:

The Thomson Reuters/University of Michigan preliminary index of consumer sentiment fell to 80 from 85.1 in July, which was the highest since July 2007. The median projection of 68 economists surveyed by Bloomberg called for little change at 85.2. The decline this month was the biggest since December.

 

Robert Paul

Robert is a realtor in Bedford NY. He has been successfully working with buyers and sellers for years. His local area of expertise includes Bedford, Pound Ridge, Armonk, Lewisboro, Chappaqua and Katonah. When you have a local real estate question please call 914-325-5758.

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