Orlando Florida Homes And Land: New Mortgage Update

New Mortgage Update – Consumer Sentiment Holds

Consumer sentiment slightly higher than anticipated in the beginning of May, coming in line with revised April results. The University of Michigan’s Friday report on consumer attitudes about the economy hi 98.8 in preliminary May reading, higher than the 08.5 expected by a survey of Reuters economists. Eight of every 10 consumers surveyed by the University of Michigan expect the Federal Reserve to raise interest rates in the year ahead, according to chief economist Richard Curtin. “The data will thus provide some additional points for both sides in the debate about the timing and number of future interest rate hikes,” Curtain said. Curtin went on to explain that consumers “have a remarkable track record” for identifying whether the actual unemployment rate will increase or decrease in the coming years.

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