Confidence among U.S. consumers cooled in April from a one-year high, a sign the moderation in job growth may limit the biggest part of the economy.
The Thomson Reuters/University of Michigan’s preliminary index of sentiment dropped to 75.7 from 76.2 last month. The measure was projected to be unchanged, according to a median forecast in a Bloomberg News survey of economists.
Tempered optimism follows the slowest month of job growth since October and a drop in weekly earnings that may restrain household purchases that account for about 70 percent of the economy. Another report showed consumer prices advanced at a slower pace in March, giving Federal Reserve policy makers room to maintain low borrowing costs.
EDB participates at Frankfurt Euro Finance Week
Officials from the Economic Development Board (EDB) are in Frankfurt/Main this week to attend the annual Frankfurt Euro Finance Week 2014 in the period November 17-21.
Dr. Jarmo Kotilaine, Chief Eco