As economic confidence stays perched among the highest levels in four years of surveying, consumers are ready to open their wallets again, just in time for the back-to-school shopping season.
Spending may have grounded for summer, but sentiments on the economy are still flying high.
Despite reports that inflation is at a six-year high, Americans remain upbeat about the economy.
With the Dow Jones Industrial Average still more than 20% higher than during President Obama’s last full-month in office and last week’s report from the Bureau of Labor Statistics showing the unemployment rate dipping below four percent (4%) for the first time since December 2000...
Following another bumpy month on the stock market and with a potential trade war with China brewing, economic confidence has fallen again this month. But it still remains well above where it was in the Obama years.
Following what financial analysts are calling a much-needed correction in the stock market, confidence in the economy remains at or near record highs.
Economic and consumer confidence have jumped to four-year highs.
2018 has kicked off with economic confidence abound, but despite the positive financial outlook, Americans are slowing down on spending following a busy holiday shopping season.
Today’s newly released jobs report, although unchanged from last month, finds the unemployment rate remaining at its lowest level in more than 17 years.
The stock market continues to soar to its highest levels to date...
The overall Rasmussen Reports Economic Index for October rose two points to 129.2. Enthusiasm about the economy started to grow immediately following the 2016 presidential election and continues to show the highest level of confidence since this tracking began in 2014.
Despite a month-over-month drop in economic confidence, consumers continue to look more favorably upon the economy and their own personal finances than they have in years past.
With the Dow Jones continuing to reach all-time highs and unemployment at its lowest level in years, consumers aren’t just feeling better about the economy and their own personal finances. They’re starting to feel better about spending, too.
Consumers are seeing green again when it comes to rating the economy and their own personal finances, but that doesn’t necessarily mean they’re ready to start spending more.
For the last three months, the overall Consumer Confidence Index has been falling from its three-year high, but June’s four-point jump to 116.7 (the second highest rating in this index’s history) suggests there’s hope on the horizon.
Once hot sentiments on the direction of the economy and personal finances following President Trump’s inauguration are now cooling, and so is consumer spending.
Consumers may still be riding the wave of economic enthusiasm since Donald Trump was elected, but that confidence is starting to wane.
For the fourth straight month, the Rasmussen Reports Consumer Spending Update shows confidence in the economy trending upward - with an amazing 25-point overall increase in economic confidence and a 26-point increase in confidence in the direction of the economy since the 2016 presidential elections.
