Largely ignoring other news, consumers are still focused on job and income growth, both of which remain favorable, explained Wells Fargo economists. They noted onflation expectations remain muted, supportive of more rate cuts from the Federal Reserve next week. Key Quotes: “Essentially matching the YTD average, consumer sentiment-as measured by the University of Michigan-remains elevated at a level of 95.5. While recent news headlines highlight risks to the outlook, consumers remain largely focused on their income and job prospects.” “Consumer sentiment has fallen from its peak, but is still at levels consistent with solid consumption growth.” “Slowing GDP growth and muted inflation pressures give the Fed the cover to cut interest rates-which we expect it will at next week’s FOMC meeting.” 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 Litecoin technical analysis: LTC/USD big bearish flag retest in play FX Street 3 years Largely ignoring other news, consumers are still focused on job and income growth, both of which remain favorable, explained Wells Fargo economists. They noted onflation expectations remain muted, supportive of more rate cuts from the Federal Reserve next week. Key Quotes: "Essentially matching the YTD average, consumer sentiment-as measured by the University of Michigan-remains elevated at a level of 95.5. While recent news headlines highlight risks to the outlook, consumers remain largely focused on their income and job prospects." "Consumer sentiment has fallen from its peak, but is still at levels consistent with solid consumption growth." "Slowing GDP… 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.
