Free Trial
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
US
Gallup’s Economic Confidence Index, “is at -20 in March, similar to the -22 found in February but sharply higher than the readings near -50 measured last fall. The index is currently at its highest point since a -12 reading in August 2021.”
- Gallup notes: “This month, President Joe Biden has touted indicators of strong economic performance in his State of the Union address and on the campaign trail. These include record stock values, easing inflation, job creation and low unemployment. Yet, Americans still feel the cumulative effects of rising prices from the past two years.”
- Gallup adds that, “economic confidence has conformed with the election outcome in two elections when confidence was relatively high or low,” and “while the current ECI score is not promising for Biden, Gallup trends show it has the capacity to change in the span of a few months.”
- The index suggests at a stabilisation of economic confidence which is now starting to reflect in polling. Two key surveys released this week from Bloomberg and CNBC found that Biden has strengthened against former President Donald Trump across swing states.
Figure 1: Economic Confidence Index, January 2020-March 2024
Source: Gallup
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok