Consumers confident in the economy at the end of 2019, but don’t expect faster growth:
The numbers: Americans felt very confident in the U.S. economy at the end of 2019, but they were not quite as optimistic as they were last summer, according to a new survey.
What happened: An index that gauges how consumers feel about the economy right now rose 4.4 points to 170, but that was offset by a decline in how American view the next six months. The trade war with China dented consumer and business confidence, however, and has limited the prospects for growth in 2020. Most economists predict the U.S. will expand at a somewhat slower pace in the upcoming year.Also: Trump says U.S. and China to sign ‘phase 1’ trade deal on Jan. 15
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