IPFS News Link • Economy - Economics USA
Americans Haven't Been This Confident In The Current Economy Since The Peak Of The DotCom Bubble
• https://www.zerohedge.com, Tyler DurdenBoth present situation and futures expectations jumped, lifting the headline to its highest since August.
Consumer confidence in January rose to 131.6 vs 128.2 in prior month.
Present situation confidence rose to 175.3 vs 170.5 last month
Consumer confidence expectations rose to 102.5 vs 100.0 last month
Presumably this survey was undertaken before the latest downturn in stocks amid global pandemic concerns.
Still, as long The Fed promises to keep stock prices high, everything in the 'economy' must be awesome, right?