US household sentiment steadies, remains at “very healthy levels”

US consumer confidence had been under pressure in recent months, at least until recently, and less-confident households are generally inclined to spend less and save more. As private consumption expenditures account for a majority of GDP in advanced economies, household spending is a major determinant of a country’s overall expenditure/income. While fears regarding US growth prospects are prevalent, the latest consumer survey indicates household confidence has stabilised after a short,...

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