Bloomberg reports that:
Americans’ outlooks for the U.S. economy dimmed in March from a four-year high as feeble wage gains and harsh winter weather weighed on sentiment. The Bloomberg Consumer Comfort Index’s monthly economic expectations gauge fell to a three-month low of 51.5 from a February reading of 54 that was the strongest since January 2011.
This comes as Janet Yellen says the Fed may just start pushing things back to normal on the interest rate front. But not just yet. Jobs are good but wages are not and it seems the economy has not yet emerged from the shadows.
And, as a report from Bloomberg, earlier this week, puts it:
… we keep driving lower, hitting depths not seen since the economic crisis. Again, this doesn’t mean that the economy is anywhere near as bad as it was then. But whether it’s a slowdown caused by the harsh winter or something else, relative to where economists thought we would be, the U.S. is missing by a large margin.
