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U.S. Consumer Confidence Rises In April As Inflation Fears Fall

Consumers felt better about the short-term outlook for the economy in April as expectations about the pace of inflation and concerns about the labor market eased.Even so, the overall consumer confidence reading was low by historical standard…

Consumers felt better about the short-term outlook for the economy in April as expectations about the pace of inflation and concerns about the labor market eased.

Even so, the overall consumer confidence reading was low by historical standards, and in a reminder of some of the weaker spots in the economy, a separate report on Tuesday showed the housing market continues to struggle: home prices fell for an eighth straight month in February, inching closer to an April 2009 trough.

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