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Americans' Economic Optimism Rises To 22-Month High In Jan.; Index's Fourth Straight Gain; Consumers now believe U.S. economy doing well; even Democrats upbeat.(A)(IBD/TIPP POLL)
Byline: BRIAN MITCHELL
Americans' faith in the economy rose for a fourth straight month in January, belying Friday's disappointing jobs report.
The IBD/TIPP Economic Optimism Index rose 1.8 points, or 3%, to 60.6 in January, a 22-month high. Over 50 means optimism; under 50 means pessimism.
"Americans continue to be bullish on the economy this month. The last time we saw the index higher was in March 2002," said Raghavan Mayur, president of TIPP, a unit of TechnoMetrica Market Intelligence, IBD's polling partner.
The IBD/TIPP Economic Optimism Index typically tracks well with other key confidence indicators put out later each month by the …
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