Americans more pessimistic on the economy

Economic Optimism Index
Chart courtesy of TradingEconomics.com

Chart note:  “The IBD/TIPP Economic Optimism Index in the US fell sharply to 44.7 in January of 2022 from 48.4 in December, a sign Americans turned more pessimistic as omicron case-levels exploded and inflation continued to hit generational highs. The six-month US economic outlook index slid 4.9 points to 37.9, the lowest level since July 2020. The major shift came among investors, who are suddenly feeling more bearish about the US economic outlook than they’ve been in more than five years. Also, the gauge of support for federal economic policies subindex sank 3.6 points to 43.9. The personal finances subindex fell 2.6 points to 52.3, well off its peak but still reflecting modest optimism.” (Trading Economics – 1/11/2022)