CB Consumer Confidence Declines Ahead of FOMC
CB Consumer Confidence Key Points: CB Consumer Confidence decreases to 107.1 (vs est 109) – higher interest rates weigh on the business confidence and the short-term employment outlook. FOMC rate decision remains key for the near-term economic outlook – can the Fed avoid panic and ease recession fears? Recommended by Tammy Da Costa Get Your […]
U.S. consumer sentiment strengthens in final January reading
The numbers: U.S. consumer sentiment improved in late January to 64.9, according to the University of Michigan’s gauge of consumer attitudes. This added 5.2 index points from 59.7 in December and was up from the initial January reading of 64.6. Economists surveyed by The Wall Street Journal had forecast an unchanged reading of 64.6. Key […]
New Zealand January business confidence -52.0 (prior -70.2) Activity -15.8 (prior -25.6)
ANZ New Zealand Business Survey – ANZ remarks on the results: Business people appear to have come back from holiday in slightly better spirits. Some of the shock value of the November rate hike and talk of a “deliberately engineered” recession appears to have worn off, though most indicators remain at very subdued levels. The […]
UoM Consumer Confidence Index improves to 64.6 in January vs. 60.5 expected
Consumer confidence in the US continued to rise in early January. US Dollar Index holds in daily range above 102.00 after the data. Consumer sentiment improved in the US in early January with the University of Michigan’s (UoM) Consumer Confidence Index rising to 64.6 from 59.7 in December. This reading came in better than the […]
Consumer Confidence rises in January buy it may not translate into a spending surge – Wells Fargo
Data released on Friday showed a significant increase in Consumer Confidence in January according to the preliminary report from the University of Michigan. Analysts at Wells Fargo point out the 64.6 reading for consumer sentiment in January marks the top print in the past year. The see that the relief on the inflation front and […]