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|
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.
- 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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