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RCM/TIPP Economic Optimism Index Weakens Slightly
The RealClearMarkets/TIPP Economic Optimism Index, a leading gauge of consumer sentiment, dropped 1.6% in February to 44.0. The index has remained in negative territory for 30 consecutive months since September 2021. Despite the recent stock market gains, optimism among investors slid 10.2% from 54.9 in January to 49.3 in February, while it gained by 5.1% among non-investors, from 39.3 in January to 41.3 in February. The RCM/TIPP Economic Optimism Index has established a strong track record of foreshadowing the confidence indicators issued later each month by the University of Michigan and The Conference Board. From ... (full story)