US DATA: Feb Conference Bd Consumer Confidence 70.8, better than
expected in a rebound from Jan’s 3.3(r) pt dip. Present Situation 45.0
vs 38.8 in rebound; Expectations 88.0 vs 76.7 in improving trend despite
rising gas prices. Survey closed Feb 15. Conference Bd says people are
more optimistic about business (13.3% ‘good’) & labor mkt conditions.
Jobs Plentiful 6.6 vs 6.2, Jobs Hard to Get 38.7 vs 43.3. Auto buying
plans gained but homes and appliances slipped. 1y infl rate seen at
5.5%, same as in Jan.