Consumer Spending Update: Economic Confidence Continues Rebound

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Economic confidence rose to 114.1 in this month’s Rasmussen Reports Economic Index, up more than four points from March, the second consecutive monthly increase.

Enthusiasm about the economy surged under President Trump, reaching as high as 147.8 in January 2020 before tumbling after the coronavirus lockdown threw Americans out of work and closed many businesses. By November, it had recovered to 126.4, but dropped sharply in the three months after President Biden was elected, falling to 97.8 in February. 

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