Consumer Confidence And Income Measures Near Cyclical And Half-Century Highs

In February, the University of Michigan’s mid-month, preliminary reads on consumer sentiment and expectations both reached their second highest points since the Great Recession. The Sentiment Index rose to 100.9 from 99.8 in the final January reading, while the Expectations Index increased more than two points to 92.6. UM Surveys of Consumers Chief Economist Richard…