February 27, 2018

EASIEST TIME TO BE PRESIDENT EVER:

U.S. consumer confidence rises to highest level since November 2000 (Paul Wiseman, 2/27/18, The Associated Press)

The Conference Board says its consumer confidence index rose to 130.8 in February, highest since November 2000 and up from 124.3 in January.

The business research group's index measures consumers' assessment of current conditions and their outlook for the next six months. They feel better about today's economy than they have since March 2001. Their outlook also improved.

Tax cuts passed into law last year are starting to show up in workers' paychecks. "As people slowly absorb the details of the tax reform package, opinion polls suggest that it is becoming significantly more popular," Stephen Stanley, chief economist at Amherst Pierpont Securities, wrote in a research note.

A strong job market is boosting confidence. The unemployment rate has stayed at a 17-year low 4.1%.



Posted by at February 27, 2018 2:43 PM

  

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