The recent increase in Australian interest rates has led to concerns among consumers about their household finances and the rising cost of living. As a result, consumer sentiment has sharply declined in November, reaching deeply pessimistic levels. The Westpac-Melbourne Institute Index of consumer sentiment dropped by 2.6% to 79.9 in November, down from 82 in October. This … [Read more...] about Australian Consumer Sentiment Falls as Interest Rates Rise
Consumer Sentiment
Traders Question Rate Cut as Inflation Expectations Rise
Traders are losing faith in the possibility of a March interest rate cut by the Federal Reserve, while long-term inflation expectations show an upward trend. Rate Cut Speculation Fades According to the CME FedWatch Tool, Fed-funds futures suggest a 52.6% chance of no quarter-point rate cut at the Fed's March meeting. This is the highest probability of no action in over a month. … [Read more...] about Traders Question Rate Cut as Inflation Expectations Rise
US Consumer Sentiment Improves by 10.6% In April as Optimism Crawls Back
Source: University of Michigan The Index of Consumer Sentiment in the US was reported at 65.7 in early April, improving by 10.6% from the previous month. SPY is down -0.63%, DXY is up +0.50%. The consumer sentiment gauge was still 25.6% lower than the prior year and remained below the reading in January this year. Consumers also became more upbeat about the current … [Read more...] about US Consumer Sentiment Improves by 10.6% In April as Optimism Crawls Back
