How could this possibly be: "Consumer confidence higest in 4 years"? [View All]

[CatWoman]

APR. 25 11:26 A.M. ET Consumers shrugged off higher gasoline prices in April and sent a widely watched barometer of consumer confidence to its highest level in almost four years, a private research group said Tuesday.

But the New York-based Conference Board warned that if fuel prices continue to rise, it would cast a pall on consumer spending, which accounts for two-thirds of all U.S. economic activity.

The Conference Board said that its consumer confidence index rose to 109.6, up from a revised 107.5 in March. April's reading was the highest since the index touched 110.3 in May 2002. Analysts had expected a reading of 106.4.

http://www.businessweek.com/ap/financialnews/D8H73VI02.htm?campaign_id=apn_home_down&chan=db