The FINANCIAL — Confidence remained largely unchanged at improved levels in April as consumers were still hopeful about future job gains despite disappointing recent developments.
According to Thomson Reuters, the revival of confidence critically depends on the two economic events that consumers still expect to happen: that jobs will become more plentiful and that gasoline prices will continue to edge downward. Both are widely expected by consumers, and these expectations are anchored well enough to withstand temporary disappointments. Without renewed gains in jobs and incomes, economic optimism will remain at lackluster levels.
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