Consumer Confidence, Home Prices Both Rise

Summary


WASHINGTON - Americans' pessimism about the economy appears to be lifting, with consumer expectations for the next six months hitting their most positive point since the recession began.

The improvement stems partly from the housing market, as a national gauge of home prices on Tuesday posted its first quarterly increase in three years.

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Consumer Confidence, Home Prices Both Rise

The consumer and housing reports, along with President Barack Obama's reappointment of Ben Bernanke as Federal Reserve chief, sent the financial markets modestly higher. But economists warned that consumer confidence remains far below levels associated with a healthy eco...

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