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Consumers felt a bit worse about the economy under the Biden-Harris administration in early November but became much more hopeful about the future on the eve of Donald Trump’s seismic victory in the contest for the White House.
Although the surveys that go into the index were concluded on Monday, the day before the election, they appear to reflect a burst of hopefulness on the part of many Americans that the economy would improve with a changing of the guard in the White House. The expectations index among Republicans jumped from 61.4 to 72.0, the highest reading since November of 2020.
The survey indicates how much of Trump’s victory was a result of rising hope. The next release, scheduled for Nov. 22, will include data from surveys taken after the election.Left Explodes: Democrats Rage at George Clooney for Knifing Biden
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