Optimism about the near-term outlook for the U.S. economy dived to an 18-month low as omicron case-levels exploded and inflation continued to hit generational highs, the new IBD/TIPP Poll finds. The major shift came among investors, who are suddenly feeling more bearish about the U.S. economic outlook than they’ve been […] Read more »
Consumer Confidence Improved Again in December
The Conference Board Consumer Confidence Index® increased again in December, after an upward revision in November. The Index now stands at 115.8 (1985=100), up from 111.9 (an upward revision) in November. … “Consumer confidence improved further in December, following a very modest gain in November,” said Lynn Franco, Senior Director […] Read more »
U.S. Economic Optimism Bounces From Covid-Era Low
Optimism about the U.S. economy registered its biggest bounce in more than a year in December, after sinking to Covid-era lows a month earlier, the new IBD/TIPP Poll finds. The IBD/TIPP Economic Optimism Index, an early monthly read on consumer confidence, jumped 4.5 points to 48.4. Still, the index remained […] Read more »
U.S. consumer confidence sees most recent gains reversed
Days after news about the omicron variant of the COVID-19 virus broke, the Ipsos-Forbes Advisor U.S. Consumer Confidence Tracker is showing a drop of 1.8 points from two weeks ago and reading at 55.9. The Investment sub-index shows an even steeper decline of 3.6 points. This week’s survey also finds […] Read more »
Biden’s support is fading as concerns over the economy and Covid grow, CNBC survey finds
President Joe Biden’s approval rating slipped deeply underwater in the CNBC All-America Economic Survey as Americans soured on his economic leadership, lost some confidence in his handling of the coronavirus, and grew increasingly concerned about inflation and supply shortages. Just 41% of the public approve of Biden’s handling of the […] Read more »
U.S. Economic Outlook Dims As Stimulus Lapses, Dow Jones Falls
Americans have grown more pessimistic about the outlook for the U.S. economy with the lapse of unemployment benefits even as the latest Covid wave has slowed the jobs recovery. Although the pandemic is now on the wane, investors have turned less bullish amid inflation worries and the Dow Jones’ first […] Read more »