Consumer Payment Card News

Consumer Pulse

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U.S. consumer confidence rebounded in August as the “RBC CASH Index” hit 89.3, more than 13 points above July’s level, its highest level since March. Overall consumer sentiment shows a reduction in consumer pessimism after increasing negativity in June and July. In addition to the overall increase in consumer confidence, strong gains were made across all facets of consumer sentiment, including assessments of current conditions, expectations for the future, investing and job security. The improving sentiment comes in spite of a volatile stock market that has Wall Street calling for the Federal Reserve to calm investors, concerns about credit, recent increases in the jobless rate and lackluster July retail sales. The “Index” is composed of four sub-indices: “RBC Current Conditions Index;” “RBC Expectations Index;” “RBC Investment Index;” and the “RBC Jobs Index.” For more information visit: “http://www.rbc.com/newsroom/rbc-cash-index.html”:http://www.rbc.com/newsroom/rbc-cash-index.html

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