US consumer confidence stands at 91.8 points according to the preliminary read from UoM. The conditions component is up to 107 and expectations are down to 82, slightly better than expected.
The USD is slightly higher, with EUR/USD slipping under 1.10.
The University of Michigan’s consumer confidence measure was expected to stand at around 91 points in the preliminary read for December, after a final 91.3 score in November.
The US dollar was on the back foot especially against majors.
Earlier, retail sales came out mixed: on one hand, the headline figure rose by 0.2%, a miss on 0.3% expected. On the other hand, the control group advanced by 0.6%, better than 0.4% predicted. Core sales rose by 0.4% better than 0.3% but on top of a downwards revision.
All in all, good enough for a rate hike but nothing to write home about.
Producer prices rose by 0.3% m/m and dropped by 1.1% y/y. Core PPI advanced 0.3% and is up 0.5% y/y. All these figures are better than expected and for November as well.
The big event next week is already looming:
Historic Fed Decision – All the Updates
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