Bullish consumers rising home prices brighten US growth picture
U.S. consumer confidence surged to a six-year high in March and house prices increased solidly in January, positioning the economy for stronger growth after a weather-induced soft spot. We are going to get a big lift to second-quarter growth from the weather,'quot; said Ryan Sweet, a senior economist at Moody'#039;s Analytics in West Chester Pennsylvania. The Conference Board said its index of consumer attitudes rose to 82.3 from 78.3 in February.
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