Consumer confidence rises

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Wednesday, September 26, 2012

Americans' confidence in the economy is at its highest in seven months, which could give a boost to President Obama's campaign.

A new survey of consumer confidence rose Tuesday to its highest level since February on expectations that hiring will soon pick up. And a separate report showed home values rising steadily, signaling sustained improvement in housing.

"This is like an opinion poll on the economy without the political parties attached," said John Ryding, chief economist at RDQ Economics, a consulting firm. The confidence survey "says people are feeling better. If so, they are less likely to vote for change."

Read more at The Mail Tribune.

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