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IPFS News Link • Economy - Economics USA

Americans Haven't Been This Confident In The Current Economy Since The Peak Of The DotCom Bubble

•, Tyler Durden

Both 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?