Consumer Sentiment Index Rising on WDIY's Economic Pulse
Dr. Kamran Afshar argues that consumer sentiment index reflects the level of consumer confidence in their own finances and thus closely relates to consumer expenditures in the near future. Considering that close to three quarters of our economy is composed of consumer expenditures, consumer sentiment is a major indicator of the future direction of the economy. Consumer sentiment index rose slightly in February. The burning question: Is this one of the signs that happy days are about to arrive? Tune in on Fridays at 5:44 PM ad Mondays at 7:35 AM. (Original air-date March 28, 2014).