Consumer Confidence Expected To Remain Low
The subdued confidence and spending comes as the economy is showing signs of improvement elsewhere.
A recovery in housing market is looking more sustainable and is expected to gain momentum this year. Stocks have been rallying.
Still, the unemployment rate remains stubbornly high, rising to 7.9 percent in January from 7.8 percent in December. In January, employers added 157,000 jobs.
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