Financial Services Industry
Industry: Email Alert RSS FeedAt the Bell; Confidence index down from Feb.(Late News)
Investment News, March, 2006
Consumer confidence has fallen since last month, reflecting uncertainty American consumers have about future economic conditions, RBC Financial Group said Friday. The RBC CASH Index for March stands at 86.2, down from 96.1 last month. "Higher interest rates are beginning to take a toll on how people view their finances,'' said Vincent Boberski, director of fixed-income research for RBC Dain Rauscher Inc.
in Minneapolis. The RBC CASH Index is a monthly national survey of consumer attitudes on the current and future state of local economies, personal financial situations, savings and confidence to make large investments. RBC Financial Group is a master brand name for the Royal Bank of Canada, which is based in Toronto. S&P gives thumbs...
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