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Maybe the U.S. Economy Isn’t Tanking After All

CNNMoney (05/27/15) Matt Egan

Recent indicators show signs of an economic rebound, with improvements in the second quarter prompting some to believe temporary factors and the weather caused the weakness in the first quarter. In addition to gains in the housing market, business investment is picking up steam, with a jump in orders of nontransporation durable goods in April for the second straight month.

Meanwhile, consumer spending may be lackluster, but consumer confidence posted a bigger-than-anticipated increase in May due to the stronger jobs market. However, concerns remain for the rest of the second quarter and beyond, particularly when it comes to the U.S. Federal Reserve’s expected hike in interest rates.