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America Is Testing Our Theories About What Consumers

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Consumer confidences drops due to darkening expectations, according to RBC CASH Index

NEW YORK, March 10 /PRNewswire-FirstCall/ - After an upturn in February

2006, consumer confidence dropped in March, reflecting the uncertainty

American consumers have about future economic conditions, according to the

most recent results of the RBC CASH (Consumer Attitudes and Spending by

Household) Index, which measured the attitudes of 1,000 Americans this week.

Issued today by RBC Financial Group, the RBC CASH Index for March stands at

86.2, a considerable decrease from 96.1 in February.

"Higher interest rates are beginning to take a toll on how people view

their finances. Mortgage rates are nearly as high as they have been over the

past three years, and the slowdown in the housing market is becoming more

apparent," said Vincent Boberski, director of Fixed Income Research for

RBC Dain Rauscher. "The jobs picture is encouraging, though, and higher

incomes should help offset the negatives as we move into the spring and


Regarding the long-term outlook, Boberski added, "While growth is likely

to slow during the second half of the year, the economy still has a good deal

of momentum and we should see continued evidence of that over the coming



Will consumers be able to continue spending or are the FED going to be forced to drop interest rates again soon?

This is important because the same is going to occur in UK very soon.

Edited by karhu

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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