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Will the Fed’s monetary stimulus take time to flow to consumer confidence and spending?

*Bloomberg, by Courtney Schlisserman, April 17, 2009

“Confidence among U.S. consumers improved in April for a second month amid signs the longest recession in the postwar era may be easing.

The Reuters/University of Michigan preliminary index of consumer sentiment rose to 61.9, the highest since September, from 57.3 in March. The reading on expectations for six months from now improved. The index reached a three-decade low of 55.3 in November.

Recent reports indicate housing and manufacturing, two of the hardest-hit areas, may be stabilizing, supporting Federal Reserve Chairman Ben S. Bernanke’s view that the U.S.’s ‘sharp decline’ could be slowing. An improvement in confidence may help sustain a recovery in consumer spending, which accounts for 70 percent of the economy.”

*This information is solely a highlight of the opinion of a third-party publication and is incomplete.  Please subscribe to this publication for the full and timely opinion of the author and call a Monex Account Representative for any additional up-to-date information. This is not an offer to buy or sell precious metals. Investors should obtain advice based on their own individual circumstances and understand the risk before making any investment decision.

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