Live Breaking News & Updates on November Consumer Sentiment
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Australia's Westpac Consumer Sentiment Index saw a significant decline in November, dropping by -2.6% mom to 79.9, reflecting a deepening pessimism among consumers. ....
(Bloomberg) Australia’s consumer confidence slumped in November following the Reserve Bank’s resumption of interest-rate increases, while firms reported an improved environment even as they fret over the outlook for the economy. Most Read from BloombergWall Street Divided Over Just How Aggressive Fed Cutting Will BeUBS Strategists See Far Deeper Fed Rate Cuts Than What Markets Are PricingIsrael Latest: Biden Says Gaza Hospital ‘Must Be Protected’China Weighs Ending Freeze on Boeing With 737 M ....
The financial markets are intently focused on the upcoming US CPI report, a key indicator that could influence Fed's next steps. Expectations are leaning towards a further slowdown in headline inflation to 3.3%, while the core inflation rate is projected to remain constant at 4.1%. However, there's a growing consensus among economists about the potential for upside risks in this data release, especially concerning goods and shelter inflation. ....
Investor sentiment is riding high in the wake of the latest US CPI report, with a notable surge in the DOW futures, climbing over 300 points, and a marked drop in 10-year yield, plunging from above 4.6% to below 4.5%. The report presented a picture of easing inflation, with both headline and core inflation rates falling short of market expectations. Significantly, core CPI has reached its lowest point in over two years. The weaker monthly price rise also bolsters the notion that disinflation is underway. This development could potentially revive Fed Chair Jerome Powell's "confidence" that the existing monetary policy is sufficiently restrictive to steer inflation back towards target. ....
The USDCHF fell sharply to 0.9450, reaching the lowest level since mid-August following comments from SNB Jordan. The Swiss Franc became the top perfo ....