Americans’ Economic Expectations Soar

Americans’ Economic Expectations Soar

Americans’ Economic Expectations Soar

Americans’ outlook for the US economy improved in February to the 2nd-highest mark since March 2002, indicating lower taxes are resonating, the Consumer Comfort Index showed Wednesday.

Highlights of Consumer Comfort for the Week Ended 18 February
  • Monthly gauge of economic expectations climbed to 54.5 from 52.5 in January
  • Weekly comfort index was little changed at 56.6 after 57
  • Measure tracking current views of the economy rose to 61.7, the highest mark since February 2001, from 61
  • Personal finances gauge fell to 60.4 from 61.5; buying climate index declined to 47.8 from 48.6

Key Takeaways

A robust labor market and wage gains are keeping weekly consumer comfort levels near 17-year highs, indicating the tumble in the stock market earlier this month did little to damp spirits.

Other Details

  • Sentiment among Democrats rose to a 12-month high, while a gauge of comfort among Republicans was unchanged
  • 64% of Republicans said economy getting better, compared with 18% of Democrats
  • Increased optimism about the economy’s prospects was paced by Americans earning more than $50,000 a year, Men, full-time workers and homeowners
  • Sentiment among consumers in the Midwest was highest in 17 years
  • Report is typically released Thursday at 9:45a. New York time

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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