Optimism over the U.S. economy took a step back over the past month, and IBD/TIPP polling points to proposed Biden tax hikes as a likely reason.
The IBD/TIPP Economic Optimism Index, an early monthly read on consumer confidence, slipped 2 points to 54.4 in May, after hitting a Covid-era high in April. Readings above the neutral 50 level reflect optimism. CONTINUED
Jed Graham, Investor’s Business Daily