"Americans will likely need to see consistent improvement in economic measures and noticeable increases in their paychecks before feeling significantly more positive about the economy"
- Gallup company
Amid a lack of fundamental data from the United States it is worth having a look at latest researches conducted by Gallup research company. A couple of days ago analysts in the United States claimed the world's largest economy is poised for a strongest growth since 2005 even despite last year's domestic and global headwinds.
Nevertheless, the latest survey from Gallup showed that disappointing jobs report became a massive drag on consumers, pushing a weekly gauge of economic confidence to –16 from –13 a week earlier. A deterioration, however, can be short-lived and should not be interpreted as an alarming sign for U.S. policymakers, as the average headline numbers toward the end the last week settled between the –10 registered before the payroll report and the –18 soon after data was out.
Meanwhile, the current assessment of the economy and consumers' expectations of future developments, which are the main components that make up the confidence index, both trended down since the first day of 2014. The outlook suffered even more, the company said. Another fact that supports the idea jobs report will be stripped out, is the comment of the Fed spokesman John Hilsenrath, who believes the Fed will trim down its monthly purchases to $65 billion per month during the next week's meeting.
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