16-02-2017 20:27 via feedproxy.google.com

Americans are facing a $50 billion headwind

Confidence among middle-income households has risen more than 30 points since President Trump's election, according to a note published by Morgan Stanley Research on Thursday. 
Middle-income Americans are feeling more optimistic on the back of many of Trump's policies, like anticipated tax cuts, but this hasn't translated into a higher pace of spending and "not everyone is happy," according to the team led by Morgan Stanley Economist Ellen Zentner.
To understand the reason, Morgan Stan
Read more »