“The reading ‘continues what has been a strong run across a range of consumer sentiment measures,’ JPMorgan Chase economist Daniel Silver said in a note to clients, adding ‘this strength in sentiment is one of the reasons we think consumer spending will pick up soon following a soft start to the year,'” Torry reports. “Federal Reserve policy makers meet next week, March 20-21, and they are widely expected to raise rates a quarter percentage point from their current range of between 1.25% and 1.5%.”
Read more in the full article here.
MacDailyNews Take: A strong U.S. economy, especially regarding employment, disposable income gains, and consumer spending increases obviously bodes well for Apple and for everyone else. A rising tide lifts all boats!
SEE ALSO:
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S&P 500 and Nasdaq rise to records on first trading day of 2018 – January 2, 2018
U.S. employment jumps more than expected in November, boosts U.S. stocks – December 8, 2017
U.S. third-quarter GDP revised to three-year high of 3.3% – November 29, 2017
Goldman Sachs sees U.S. unemployment rate hitting lowest level since the late-1960s – November 20, 2017
American consumer confidence soars to highest level since December 2000 – October 31, 2017
U.S. jobless claims plunge to lowest level since 1973 – October 19, 2017
U.S. economy picks up steam; second-quarter GDP up 3.0% reflecting robust consumer spending and strong business investment – August 30, 2017
U.S. consumer confidence shows Americans upbeat on jobs, economy – July 25, 2017
