US: economic optimism falls to the level of the beginning of November 2016

FXStreet — «The Index for economic optimism fell by report month of may of 51.7 to 51.3 points. After a 12-year high of 56.4 points in February, the optimism is now a little further below the level, where Donald Trump had won the presidential elections in the United States, surprisingly,“ said investors Business Daily on Tuesday.

The Index hilt above the 50-point mark, signaling the eighth consecutive month of optimism.

The decline in optimism is a result of the fierce Kamp about ObamaCare in Washington, what is the ability of the new government in terms of fiscal policy and infrastructure spending.

The second quarter growth will likely be above the 2% Trend. According to the current estimates of the Federal Reserve Bank of Atlanta, it is likely to be a growth of 4 percent.

** FXStreet News Editorial, FXStreet**

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