U.S. economy doing well
Bloomberg:
Fresh reports depicted a buoyant U.S. economy as consumer confidence, new home sales and durable goods orders surpassed forecasts.
The Conference Board, a New York-based research group, said its consumer confidence index rose to 98.9 this month from 85.2, the biggest rise in more than two years. Purchases of new homes jumped to a record last month and orders for long-lasting equipment, such as aircraft and machinery, rose twice as much as predicted, according to Commerce Department data.
“Coming after the energy shocks and Katrina, it’s a remarkable spring-back,”’ said Ethan Harris, chief U.S. economist at Lehman Brothers Inc. in New York. “The economy seems to have an underlying resilience.”
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