2008 record      

 

The Economy (Also) Climbs A Wall Of Worry

In just the past week or so, we've had a nuclear showdown with North Korea, a trade spat with China, an investigation of the president's campaign for possible collusion with the Russians, a riot in Charlottesville, Va., that revealed a widening political split among Americans, and growing left-wing rage directed at a sitting American president. So why isn't the economy falling apart?

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Streak of Economic Optimism Continues According to Latest IBD/TIPP Poll

The IBD/TIPP Economic Optimism Index, a leading national poll on consumer confidence, showed positive momentum this month, climbing 4.6 percent to 52.2 and above the 12-month average of 51. This marks the eleventh consecutive month in positive territory, which is the longest stretch in more than a decade. It is also the highest reading since March, ending a slight four-month slide. The overall economic optimism reading is notable because it stands in sharp contrast to President Trump’s approval ratings, which dropped across all measures of the separate Presidential Leadership Index.

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Latest IBD/TIPP Poll on Consumer Confidence Shows Growing Dissatisfaction

The IBD/TIPP Economic Optimism Index, a leading national poll on consumer confidence, indicates that consumer confidence overall dropped 2.1 percent over the last month, yielding a reading of 50.2, down from the June reading at 51.3. This is below the 12-month average of 51. Nevertheless, buoyed by an increase in satisfaction with one’s personal financial outlook, this marks the tenth consecutive month the overall index reading is above 50, which indicates optimism.

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IBD/TIPP Poll Finds Record Optimism Gap Between Sexes, Races

The IBD/TIPP Economic Optimism Index held steady at 51.3 in June, just below its level before Donald Trump's surprise election fueled a short-lived surge in spirits that carried the index to a 12-year high of 56.4 in February.

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Latest IBD/TIPP Poll Shows Sustained Level of Economic Positivity for Past Nine Months

The IBD/TIPP Economic Optimism Index, a leading national poll on consumer confidence, indicates that consumer confidence has remained steady, with the June reading at 51.3, the same as May’s index reading. This remains slightly above the 12-month average of 51. It also marks the ninth consecutive month above 50, which indicates optimism.

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U.S. Consumer Confidence Brightens in October

The IBD/TIPP Economic Optimism Index gained 4.6 points, or 9.9%, in October, posting a reading of 51.3 vs. 46.7 in September.  The index is 3.8 points above its 12-month average of 47.5, 6.9 points above its reading of 44.4 in December 2007 when the economy entered the last recession, and 2.3 points above its all-time average of 49.0.

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U.S. Consumer Confidence Slips in September

The IBD/TIPP Economic Optimism Index dropped 1.7 points, or 3.5%, in September, posting a reading of 46.7 vs. 48.4 in August.  The index is 0.4 points below its 12-month average of 47.1, 2.3 points above its reading of 44.4 in December 2007 when the economy entered the last recession, and 2.1 points below its all-time average of 48.8.

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Throwing The Flag On Obama For Excessive Celebration After Jobs Report

After another mediocre jobs report showing gains barely keeping up with natural labor force growth, Barack Obama rushed to the TV cameras and spiked the football in the end zone.  But if there had been referees, he would have been penalized for excessive celebration.

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U.S. Consumer Confidence Inches Up in February

The IBD/TIPP Economic Optimism Index edged up 0.5 points, or 1.1%, in February, posting a reading of 47.8 vs. 47.3 in January.  The index is 0.3 points above its 12-month average of 47.5, 3.4 points above its reading of 44.4 in December 2007 when the economy entered the last recession, and 1.3 points below its all-time average of 49.1.

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Economic Optimism Still Low As Stocks Spook Investors

Americans are still modestly pessimistic about the economy, according to the latest IBD/TIPP Economic Optimism Index, with investor confidence sinking after the Dow industrials and S&P 500 suffered their worst-ever starts to a new year.

The Economic Optimism Index edged up 0.1 point in January to 47.3. Readings above 50 signal optimism. But aside from two months in early 2015, the index has been below 50 since October 2012.

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GDP Data Explain Trump Surge, Fed Rate Hike Timing

The economy rose at a 2% annual rate in the third quarter, revised down from 2.1% and Q2’s 3.9%, the Commerce Department said Tuesday. The U.S. is on pace for a 10th straight year of failing to achieve 3% annual growth. That helps explain why it took nearly a decade for the Federal Reserve to raise interest rates, and why Donald Trump has had so much support in his presidential run.

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Personal Financial Outlook Is Most Upbeat In 3 Years

Americans are more upbeat about their own financial prospects than at any point in the past three years, even though they're still not optimistic about the direction of the broad economy, according to the latest IBD/TIPP Poll.

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U.S. Consumer Confidence Declines in August

The IBD/TIPP Economic Optimism Index slipped 1.2 points, or 2.5% in August, posting a reading of 46.9 vs. 48.1 in July.  The index is 1.2 points below its 12-month average of 48.1, 2.5 points above its reading of 44.4 in December 2007 when the economy entered the recession, and 2.3 points below its all-time average of 49.2.

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U.S. Consumer Confidence Unchanged in July

The IBD/TIPP Economic Optimism Index maintained its June reading of 48.1 in the July survey.  The index is 0.2 points above its 12-month average of 47.9, 3.7 points above its reading of 44.4 in December 2007 when the economy entered the recession, and 1.1 points below its all-time average of 49.2.

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Financial Stress Index Spikes The Most Since Oct. 2008

A sputtering economy, rising gas prices and other factors fueled the biggest rise in financial stress since the peak of the credit crisis in October 2008, according to the latest IBD/TIPP Poll.

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U.S. Consumer Confidence Weakens in June

The IBD/TIPP Economic Optimism Index slipped 1.6 points, or 3.2% in June, posting a reading of 48.1 vs. 49.7 in May.  The index is 0.4 points above its 12-month average of 47.7, 3.7 points above its reading of 44.4 in December 2007 when the economy entered the recession, and 1.1 points below its all-time average of 49.2.

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