Even the pessimists say Trump’s presidency will likely usher in some form of fiscal stimulus.
As for the New Year around the corner, consumers are celebrating sooner.
That’s because, according to Jed Graham writing in Investor’s Business Daily, “Economic Optimism rose 3.4 points to 54.8, the highest since November 2006, remaining above the neutral 50 level for the third straight month.”
While confidence in the economy had been on the upswing before the election, the surprise victory of Donald Trump, part of a clean sweep for Republicans, had a huge effect on Americans’ economic expectations. The effect was far more positive than negative, but economic sentiment tends to be partisan, and that’s never been more clear than in this month’s poll.