US Consumer Confidence Rebound Spotlights Global Discrepancies

(13 March 2019) Consumer confidence in the world's biggest economy, the United States, rebounded in February after a sharp drop in January, according to the University of Michigan. January’s decrease was the single sharpest drop in consumer sentiment since 2012 and was at least partially spurred by the partial US government shutdown. In February, the Federal Reserve signaled that it will hold off on further interest rate hikes and trade relations with China continued to thaw, bolstering the...