The latest biweekly reading of the Penta-CivicScience Economic Sentiment Index (ESI) increased by 1.6 points to 38.3, a notable improvement in confidence over the past two weeks following the Federal Reserve’s decision to cut interest rates by 50 basis points at its September meeting.
Four of the ESI’s five indicators increased during this period. Confidence in the overall U.S. economy saw the largest gain, rising 3.6 points to 48.7.
—Confidence in finding a new job increased 3.0 points to 38.5.
—Confidence in personal finances increased 1.6 points to 57.8.
—Confidence in buying a new home increased 0.3 points to 22.2.
—Confidence in making a major purchase decreased 0.7 points to 24.0.
View the full reading here. Learn more about the CivicScience Economic Sentiment Index here.
Take Our Poll: Will the Fed’s rate cut affect your savings plan?
