Breaking news
- UoM Consumer Confidence Index declined additional in September.
- US Buck Index clings to modest day-to-day gains above 106.50.
Consumer sentiment in the US continued to weaken in October, with the College of Michigan’s (UoM) Consumer Confidence Index declining to 63 from 68.1 in September. This reading fell wanting the market expectation of 67.4.
Extra info of the e-newsletter printed that the Contemporary Prerequisites Index fell to 66.7 from 71.4 and the Expectations Index retreated to 60.7 from 66.9.
The one-year inflation outlook jumped to 3.8 from 3.2, whereas the 5-year inflation outlook rose to 3% from 2.8%.
Market reaction
The US Buck Index edged a miniature bit bigger after this narrative and used to be remaining seen posting miniature day-to-day gains at 106.62.
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