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 […]
How do credit card companies view the health of the consumer?
Credit card companies have reported earnings in the past 24 hours and they are particularly well-positioned to weigh in on the health of the consumer. Visa is bullish. Here’s CFO Vasant Prabhu who was queried with this on the conference call: Q: Vasant, as we think about your baseline plan forecast, how are you factoring […]
UMich final January consumer sentiment 64.9 vs 64.6 expected
Prelim was 64.6 Prior was 59.7 Current conditions 68.4 vs 68.6 prelim Expectations 62.7 vs 62.0 prelim 1-year inflation 3.9% vs 4.0% prelim (4.4% prior) 5-10 year inflation 2.9 % vs 3.0% prelim (2.9% prior) These inflation numbers will be welcomed by the Fed and the market. We’ve seen a few times where the final […]
XAU/USD slips below $1930 after US PCE and UoM Consumer Sentiment
US Dollar climbs as the Federal Reserve preferred gauge for inflation, with core PCE creeping lower. According to the University of Michigan (UoM) poll, US consumers’ inflation expectations edged lower. Gold Price Analysis: The rally from $1,616.71 to $1,949.16 could end, as a doji emerged in the weekly chart. Gold price falls for the second […]
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 […]
Germany February GfK consumer sentiment -33.9 vs -33.0 expected
Prior -37.8; revised to -37.6 This marks another improvement (four straight months now) in German consumer morale for the month ahead but the reading remains deeply in negative territory, so that’s still something worth noting. GfK notes that “falling energy prices have ensured that consumer sentiment is less gloomy” but warns that private consumption will […]
UMich Jan US prelim consumer sentiment 64.6 vs 60.5 expected
This survey is nothing more than a barometer of political sentiment and gasoline prices. That said, the Fed watches the inflation number closely and it was a contribution to the sudden switch to more-aggressive hiking in June (which is funny because it was later revised down). The one-year number will certainly be welcome while 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 […]
Michigan Consumer Sentiment Beats Across the Board, US Dollar Unmoved
US Dollar (DXY) Price and Chart Analysis Michigan consumer confidence 64.6 vs. expectations of 60.5. Year ahead inflation expectations fall for the fourth straight month. Recommended by Nick Cawley Introduction to Forex News Trading The latest Michigan Consumer Sentiment report showed consumer sentiment remaining low, from a historical basis, but beating market expectations by a […]