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US: IBD/TIPP Economic Optimism Index drops to fresh 13-month low of 52.3 in January

"The IBD/TIPP Economic Optimism Index slipped three-tenths of a point to 52.3 in early January, the lowest since December 2017," Investor's Business Daily reported on Tuesday.

Key takeaways from the press release

  • The government shutdown helped drag the overall index lower as confidence in federal economic policies fell to the lowest point since June.
  • The Economic Optimism Index remains modestly positive, above the neutral 50 level. 
  • The six-month outlook gauge for the economy rose four-tenths of a point to 46.8, after sliding 6.8 points in December.
  • The six-month personal financial outlook index rose two-tenths of a point to 61.0.

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