Attention: Consumers And Small Businesses Are Optimistic About The US Economy.

Although the upside of the US Treasury yield curve continues to deepen, some people are worried that the US economy will be in the future. But two surveys show that American consumers and small business owners are still optimistic about the future economy.

CNN news reports, the American Council of economic consultative conference (Co) Nference Board) released the August consumer confidence index of 135.1, which is lower than 135.8 in July, but is better than 129.5 of Refinitiv experts' survey. This data shows that American consumers remain optimistic about the direction of the US economy and its financial position.

Lynn Franco, senior director of economic indicators at the economic consultative conference, said that consumers' assessment of the current environment has improved a lot. The current environmental index is the highest in nearly 19 years. Chris Rupkey, chief financial economist at MUFG, Japan, said that consumption contributed more than GDP to the US GDP, and consumer optimism about the future would offset the cooling of the manufacturing industry. He estimated that the United States could grow 2% this year. Deepak Puri, managing director of wealth management in Deutsche Bank, estimates that US GDP will grow by 2.3% this year, driven by strong consumer spending and strong salary growth.

The second report, which is from the NFIB, also found that the proportion of small business owners in the US in the next 6 months is 20% higher than that of sad viewers. This ratio is not as good as the 30%-48% from 2017 to 2018, but it is better than the beginning of the year. The proportion of small business owners who plan to recruit employees is 2.6% higher than that of small business owners who cut their jobs, which is significantly lower than that of the previous five quarters. But the owners explain that this is the result of the shortage of qualified applicants, especially when the unemployment rate in the United States is approaching the lowest level in 50 years. Finding enough and suitable employees has become a major challenge for 4.8%-7.3% owners.