Americans are feeling significantly worse about the economy than they were a month ago, with consumer sentiment tumbling across ages and income groups.
CEOs, though? They're more optimistic than they've been in years.
Two surveys this week show a stark and growing divergence between heads of businesses and the rest of the country when it comes to the economy. Consumers are jittery, in part because of fears that new tariffs could worsen inflation. Executives, however, are hopeful about fewer regulations and are planning to boost investments.
"Businesses and consumers focus on very different things, and that's what we're seeing here," said Stephanie Guichard, senior economist at the Conference Board. "Businesses care about deregulation and potential tax cuts. For consumers, it's all about prices."
https://wapo.st/4hOlBY0
Why not? CEOs will get their corporate and personal taxes cut while the rest of us won't get squat.