All signs points toward steady growth in 2014, as record equity rallies and strong job growth continue to lead a recovery in housing and consumer spending, chief economists from Moody's and UBS said on Tuesday.
UBS' U.S. economist Kevin Cummings said personal spending and consumption levels in the fourth quarter of 2013 could end up better than expected after solid growth in October and November
"You're already starting to see GDP growth," Cumming said on "Squawk Box." "You're already starting to see better data, and it's all because of the labor market. When the labor market starts to pick up we're going to start to see better consumer data."