On the Trump-Era Economy, GOP and Dems Are Split
Consumer sentiment in February slipped off of a 13-year high, as a bullish streak of post-election confidence appeared to ease up.
The University of Michigan’s consumer sentiment index pulled back in the opening days of the month for the first time since October and after surging in January to its highest level since 2004, according to a new report published Friday.
The downtick comes as stocks continue to hit all-time highs, with the Dow Jones industrial average closing at a record level as recently as Thursday. Job creation – notably in goods-producing industries – has plugged along in recent months as well, while unemployment has held beneath 5 percent.