- Analytics
- News and Tools
- Market News
- US: UoM Consumer Confidence Index drops to 54.7 in November vs. 59.5 expected
US: UoM Consumer Confidence Index drops to 54.7 in November vs. 59.5 expected
- Consumer confidence in the US deteriorated in early November.
- US Dollar Index stays deep in negative territory below 107.00.
Consumer sentiment in the US weakened in early November with the University of Michigan's (UoM) Consumer Confidence Index falling to 54.7 (flash) from 59.9 in October. This reading came in below the market expectation of 59.5.
"Inflation expectations are little changed. The median expected year-ahead inflation rate was 5.1%, up from 5.0% last month," the publication further read. "Long run inflation expectations, currently at 3.0%, have remained in the narrow (albeit elevated) 2.9-3.1% range for 15 of the last 16 months."
Market reaction
This report failed to trigger a significant market reaction and the US Dollar Index was last seen losing 1% on the day at 106.88.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
