Who are you going to believe? Business/corporate "insiders" and Americans or our beloved FED?
Many Americans feel they're still in a recession, even though it's officially over.
U.S. chief executive officers' (CEOs) view of the economy darkened in the third quarter, with top executives saying they were less willing to hire new workers as they fear sales growth will slow.
Sixty-six percent said they expect increases in revenue over the next six months, down from 79 percent.
Of the 125 CEOs surveyed, 31 percent expect to add jobs in the United States over the next six months, down from 39 percent ans twenty-three percent expected to cut jobs, up from the 17 percent.
The Conference Board said the monthly Consumer Confidence Index now stands at 48.5, down from the revised 53.2. It takes a reading of 90 to indicate a healthy economy.
Economists watch confidence closely because consumer spending accounts for about 70 percent of U.S. economic activity and is critical to a strong rebound.