Consumer Confidence Up, Food Stamp Use Down in Trump Economy
Written by Bob Adelmann Economists expected a rebound in consumer sentiment in February but the index reported by the University of Michigan (UMich) on Friday morning exceeded their expectations. They predicted a reading of 94 (up from January’s 91.2) but got 95.5 instead. The news behind the headlines was even better: Consumers’ future expectations index jumped from 79.9 to 86.2 while their real (inflation-adjusted) wage gains expectations index was higher “than at any time in more than 15 years,” according to UMich. In other words, the hand-wringing and gnashing of teeth over reports that consumers pulled back in January...
Written by Bob Adelmann Economists expected a rebound in consumer sentiment in February but the index reported by the University of Michigan (UMich) on Friday morning exceeded their expectations. They predicted a reading of 94 (up from January’s 91.2)...
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