U.S. consumer sentiment rises slightly in November
The U.S. consumer sentiment rose slightly in the month of November. The University of Michigan index of consumer confidence rose a bit to 96.8, though it remains well-below its pre-trade war high of 101.4, reached in Mar…
The U.S. consumer sentiment rose slightly in the month of November. The University of Michigan index of consumer confidence rose a bit to 96.8, though it remains well-below its pre-trade war high of 101.4, reached in March 2018.
The wealth effect – the link between stocks and households’ assessment of their finances – has been on display throughout this cycle. If the recent equity market gains hold, there might be scope for further improvement. Consumers are feeling slightly better about their current situation than they do about the future.
“That supports our forecast for a decent finish to the year for PCE and an above-consensus call for holiday sales. But barring a swift end to the trade war, PCE in 2020 will likely moderate”, said Wells Fargo in a research report.
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…
