U.S. Economic News
January 26, 2021
U.S. Economic Indicators
The Conference Board’s Consumer Confidence Index rose from 87.1 (revised) in December to 89.3 in January. Near-term expectations for jobs, business conditions, and financial prospects increased, while consumers’ assessments of current business and labor market conditions declined. Conference Board Report
U.S. News
The Wall Street Journal reports that many households have boosted savings during the pandemic due to multiple stimulus checks and low demand for services, a pattern which is expected to propel U.S. economic recovery in 2021. In fact, Americans saved a total of $1.4 trillion in the first three quarters of 2020 – nearly twice as much as in the same period of 2019 – including an average of 36% of their first stimulus payments. WSJ