Consumer confidence jumps to 130.8 as Trump tax cuts kick in.
The numbers: Consumer confidence surged in February, the first month Americans started to benefit from the Trump tax cuts, to the highest level since November 2000. Evidently the recent selloff in U.S. stock markets did little to dampen their optimism.
The index rose to 130.8 this month from a revised 124.3 in January, the Conference Board said Tuesday. Economists polled by MarketWatch had forecast the index to read 127.3.
It's the first time the index has surpassed 130 since Bill Clinton was president.
Consumer confidence in U.S. hits highest level since November 2000
The numbers: Consumer confidence surged in February, the first month Americans started to benefit from the Trump tax cuts, to the highest level since November 2000. Evidently the recent selloff in U.S. stock markets did little to dampen their optimism.
The index rose to 130.8 this month from a revised 124.3 in January, the Conference Board said Tuesday. Economists polled by MarketWatch had forecast the index to read 127.3.
It's the first time the index has surpassed 130 since Bill Clinton was president.
Consumer confidence in U.S. hits highest level since November 2000