Today, Hamilton Place Strategies and CivicScience reported that the HPS-CivicScience Economic Sentiment Index (ESI) 3-day rolling average rose to 47.6 over the past two weeks, a four-week high. Moreover, the two-week average of the index, which measures U.S. adults’ expectations for the economy going forward, as well as their feelings about current conditions for major purchases, rose more than eight full points since the government shutdown and is now back to levels not seen since the summer. These gains come in the wake of a strong December jobs report, which has spurred discussion that the Federal Reserve may begin to scale back its quantitative easing program.

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