Economic Optimism Growing on Wall Street: CNBC Survey
By: Europe remains an important source of worry with 62 percent saying they believe the relative calm on the continent is temporary and only 30 percent saying it's permanent. John Lonski of Moody's wrote, "Possible policy mistakes in the U.S. and Europe are the biggest risk to the adequacy of economic growth in 2013."
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Still, there's little doubt the outlook for Europe has improved. Just 10 percent say the European financial crisis is the biggest threat to the U.S. economy, compared with 37 percent in April.
For the first time in seven months, respondents to CNBC's Fed Survey have lowered the chances of a U.S. recession in the next year.
