Economists say consumers will start spending
Shoppers load their carts with items.
The Marketplace Daily Pulse is up today. The U.S. consumer - that beaten-down, bedraggled, hopeless character - seems to be getting a shot of optimism.
The Thomson Reuters/University of Michigan consumer sentiment index hit a five-month high today, Reuters reports. It was up to 64.2, a three-point jump from last month. Economists watch that number to get a sense of the where things are heading with consumer spending.
People told the survey they're still a little bummed about their personal finances, but they see the overall economy improving.