Despite the stock market having its worst month since March 2020, Americans’ confidence in the economy improved ever so slightly in September after a bigger improvement in August, but remains negative on balance.
The Gallup Economic Confidence Index ticked up to -35 in September after rising to -39 in August. That in turn was up from -51 in July and -58 in June. The improvement over this period most likely reflects Americans feeling less of a pinch from inflation as gas prices retreated from record highs and the already low unemployment rate dipped further to pre-pandemic levels. CONTINUED
Lydia Saad, Gallup
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