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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: stribe30 who wrote (134993)	3/27/2001 10:58:16 AM
From: tejek	Respond to of 1570721

March Consumer Confidence Figures Come in Stronger Than Expected By Chris Frankie Editorial Assistant 3/27/01 10:22 AM ET The consumer confidence index rose to a reading of 117 in March, a surprisingly high number that was well above the upwardly revised 109.2 in February. Economists were expecting the index to come in at 104.5. Last month, the index had been 106.8 before the revision. In recent weeks, stocks have reacted poorly to strong economic data and rallied on weaker data, on the notion that the weaker the economy gets, the greater the possibility the Federal Reserve will provide additional relief by cutting interest rates even further. The consumer confidence index has fallen sharply between August 2000 and February 2001, dropping 35 points, as people react to the slowing economy.