Consumers are more satisfied with the economy since before the financial meltdown of the late 2000s, according to Investor's Business Daily.
Is Trumponomics having a second honeymoon? The IBD/TIPP Economic Optimism Index surged to the 2nd-highest level since 2004 as the jobless rate matched a nearly 50-year low, the Nasdaq briefly scaled new heights and President Donald Trump pushed contentious immigration and trade policies.
The IBD/TIPP Economic Optimism Index rose 2.5 points to 56.4 in July, just off February's 13-year high of 56.7. Readings above the neutral 50 level reflect optimism.
It's hard to ignore the role of Trumponomics. In fact, Americans' view of federal government economic policies, almost always negative since the financial crisis, vaulted into solidly optimistic territory for the first time since late 2006. Midwesterners haven't felt so good about federal policies since early 2002, and rural voters even longer than that.
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