Commodity Trade Mantra

Posts Tagged ‘Consumer Sentiment’

No Fed Rate Hike In September - Goldman Sachs

The market’s initial reaction signals rising expectations of a September rate hike but, as Goldman’s Jan Hatzius explains, with a number of business surveys in hand, our preliminary read on the August Current Activity Indicator is +2.8%, in line with the July figure. So they continue to expect the FOMC to keep policy rates unchanged at the September 16-17 meeting.

FOMC Minutes Reveal Taper Likely In "Coming Months"

FOMC participants expected that the data would prove consistent with the Committee’s outlook, but also considered scenarios under which it might, at some stage, be appropriate to begin to taper down the program before an unambiguous further improvement in the outlook was apparent.

U.S. Consumer Confidence Plunges The Most In 2 Years

From 80.2 in Sept, Consumer confidence collapsed to 71.2 (the largest MoM drop in 2 years) to its lowest in six months, far below expectations – It appears the Fed has lost its wealth effect inspiration and once again we remind that all about confidence and hope appears to be fading.

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