Sign up for our daily briefing
Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.
Catch up on coronavirus stories and special reports, curated by Mike Allen everyday
Catch up on coronavirus stories and special reports, curated by Mike Allen everyday
Denver news in your inbox
Catch up on the most important stories affecting your hometown with Axios Denver
Des Moines news in your inbox
Catch up on the most important stories affecting your hometown with Axios Des Moines
Minneapolis-St. Paul news in your inbox
Catch up on the most important stories affecting your hometown with Axios Twin Cities
Tampa Bay news in your inbox
Catch up on the most important stories affecting your hometown with Axios Tampa Bay
Charlotte news in your inbox
Catch up on the most important stories affecting your hometown with Axios Charlotte
Photo: Daniel Leal-Olivas/AFP via Getty Images
The monthly U.S. Consumer Confidence Index rose from 127.9 in July to 133.4 in August, hitting its highest mark since October 2000 and beating Reuters analysts' prediction that it would fall to 126.7.
Why it matters: The economy is humming, and any suggestion that the consumer mood was faltering because of trade disputes may have been premature, says Jim Baird, Chief Investment Officer for Plante Moran Financial Advisors. The stock market is on a record-breaking bull run, unemployment is low, and GDP growth topped 4% last quarter for the first time since 2014.