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US August consumer confidence 106.1 vs 116.0 expected

US August consumer confidence 106.1 vs 116.0 expected
The July reading at 117.0 was the highest since July 2021 (revised to 114.0)Details:Present situation index 144.8 vs 160.0 prior Expectations index 80.2 vs 88.3 prior1 year Inflation 5.8% vs 5.7% prior Jobs hard-to-get 14.1 vs 9.7 priorThis and the big drop in JOLTS likely means an end to the Fed hiking cycle.“Consumer confidence fell in August 2023, erasing back-to-back increases in June and July,” said Dana Peterson, Chief Economist at The Conference Board. “August’s disappointing headline... Read More
Posted: Aug 29 2023, 14:00
Author Name: forexlive
Views: 112254

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