The Consumer Confidence index dropped to 125.5 in November. While this marks the fourth consecutive monthly decline, the level is still high enough to suggest moderation in the pace of PCE growth rather than outright decline, point out analysts at Wells Fargo. Key Quotes: “The stock market is near all-time highs, unemployment is near a 50-year low and gas prices have been trending lower since May. Still, with ongoing concerns about the trade war, we are not banking on a return to last year’s record highs.” “Despite the lackluster numbers for consumer confidence, retail sales and other measures of consumer spending remain on track for moderate growth in the fourth quarter.” “Despite the deterioration in confidence, we are not rattled about our call for a solid 5% year-over-year increase in holiday sales. That said, our upbeat forecast owes much to low-base effects after a steep decline in December of last year.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/CAD forecast to mover lower over next months – CitiBank FX Street 3 years The Consumer Confidence index dropped to 125.5 in November. While this marks the fourth consecutive monthly decline, the level is still high enough to suggest moderation in the pace of PCE growth rather than outright decline, point out analysts at Wells Fargo. Key Quotes: "The stock market is near all-time highs, unemployment is near a 50-year low and gas prices have been trending lower since May. Still, with ongoing concerns about the trade war, we are not banking on a return to last year's record highs." "Despite the lackluster numbers for consumer confidence, retail sales and other measures… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
