It's in sharp contrast to what Americans expect will happen to their household finances over the next year, the survey showed. Three measures of household finances - expectations for growth in earnings, total household income, and consumer spending - all fell to survey lows in April, according to the report.
The survey highlighted a disconnect seen between current economic data and the US stock market. While reports continue to show a dismal economy and future outlook, stocks have continued to grind higher.A hedge-fund chief overseeing $2 billion shares 5 reasons why he sees bitcoin surging 900% by the end of 2021 as Paul Tudor Jones dives into the asset
The S&P 500 has gained more than 30% from its March lows, and now is about 14% from February highs. This is in part thanks to aggressive measures from the Federal Reserve to increase liquidity in financial markets amid the coronavirus pandemic.
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