Posted 11/28/2023, 8:12:48 PM
Economic Outlook Brightens, Boosting Consumer Confidence and Potentially Aiding Biden
- Americans are feeling more optimistic about the economy and jobs, which could help Biden's re-election campaign
- Biden's approval has dropped amid inflation fears, but the consumer confidence data could provide a boost
- More consumers expect there to be more available jobs in the next 6 months compared to last month
- Two-thirds still anticipate an economic slowdown in the next year, though recession expectations fell
- Declining inflation and gas prices may be contributing to increased economic confidence