Well, wadda ya know? The DeathRATS start all this yak about socialism, the economy booms and confidence reaches new highs. All thanks to Bernie and AOC.....ROTFLMFAO!!!
Ad Age ^ Bloomberg News
Credit: iStock U.S. consumer confidence improved in February, topping all forecasts and snapping a three-month losing streak, after the U.S. government ended the longest shutdown in the country's history and the trade war edged toward a resolution.
The confidence index climbed to 131.4 from 121.7, the New York-based Conference Board said in a report Tuesday. That compared with a Bloomberg survey of economists that called for a rise to 124.9. The measure gauging Americans' views on present conditions rose to an 18-year high while consumer expectations posted the largest monthly gain since 2011. Key insights • The increase comes amid a solid job market and a rally in stocks that have offered consumers reasons to look past uncertainty surrounding the longest-ever government shutdown and trade war with China. The Federal Reserve's pledge to be patient on raising interest rates may also be supporting the economic outlook.
• The gauge is in line with other sentiment indicators for February that show Americans are more upbeat. The University of Michigan's sentiment rebounded from a two-year low and topped projections, while the Bloomberg Consumer Comfort expectations measure also snapped back, posting the biggest jump in a decade.
Official's view • "Consumers continue to view both business and labor market conditions favorably," Lynn Franco, senior director of economic indicators at the Conference Board, said in a statement. "Expectations, which had been negatively impacted in recent months by financial market volatility and the government shutdown, recovered."
More details • The share of respondents saying business conditions will be better in six months increased to the best level since November.
• The labor differential, which measures the gap between respondents who say jobs are plentiful and those saying they're hard to get, climbed to an 18-year high, a sign the labor market remains strong.
Ad Age ^ Bloomberg News
Credit: iStock U.S. consumer confidence improved in February, topping all forecasts and snapping a three-month losing streak, after the U.S. government ended the longest shutdown in the country's history and the trade war edged toward a resolution.
The confidence index climbed to 131.4 from 121.7, the New York-based Conference Board said in a report Tuesday. That compared with a Bloomberg survey of economists that called for a rise to 124.9. The measure gauging Americans' views on present conditions rose to an 18-year high while consumer expectations posted the largest monthly gain since 2011. Key insights • The increase comes amid a solid job market and a rally in stocks that have offered consumers reasons to look past uncertainty surrounding the longest-ever government shutdown and trade war with China. The Federal Reserve's pledge to be patient on raising interest rates may also be supporting the economic outlook.
• The gauge is in line with other sentiment indicators for February that show Americans are more upbeat. The University of Michigan's sentiment rebounded from a two-year low and topped projections, while the Bloomberg Consumer Comfort expectations measure also snapped back, posting the biggest jump in a decade.
Official's view • "Consumers continue to view both business and labor market conditions favorably," Lynn Franco, senior director of economic indicators at the Conference Board, said in a statement. "Expectations, which had been negatively impacted in recent months by financial market volatility and the government shutdown, recovered."
More details • The share of respondents saying business conditions will be better in six months increased to the best level since November.
• The labor differential, which measures the gap between respondents who say jobs are plentiful and those saying they're hard to get, climbed to an 18-year high, a sign the labor market remains strong.
