US Conference Board’s measure of consumer confidence likely strengthened in April
Gasoline prices have stabilised and the stock market has not made much progress recently. But with real incomes buoyed by the low level of gas prices and jobless claims back at multi-decade lows we see few reasons for co…
Gasoline prices have stabilised and the stock market has not made much progress recently. But with real incomes buoyed by the low level of gas prices and jobless claims back at multi-decade lows we see few reasons for consumers' mood to darken. What's more, the University of Michigan measure of confidence rose in April.
"We estimate that the Conference Board's measure of consumer confidence (15.00 BST) strengthened to an eight-year high of 105.0 in April, from 101.3 in March. This would be consistent with a considerable acceleration in consumption growth in the second quarter." notes Capital Economics
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
On-chain data shows BTC whales moved 10000 BTC from Crypto exchanges. This indicate accumulation of BTC by whales. Japanese public company Metaplanet buys another 1 billion yen worth of Bitcoin. According to Santiment, t…
Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
