The Consumer Sentiment Index from the University of Michigan rose in September, to 78.9, the highest level since March. Analysts at Wells Fargo noted perceptions about the economy improved, but they warn confidence still remains well-below its pre-virus level. Key Quotes: “Both current conditions and expectations improved. Notably, just 16% of consumers, the smallest proportion since 2015, expected the economy to worsen over the next year.” “Sentiment remains way-below its pre-virus level, but notably it hasn’t tested the lows visited in the aftermath of the 2008-crisis.” “Perception of finances were influenced by declining incomes, with more respondents reporting an income decline rather than gain for the first time since 2014.” “With much hand-wringing over if dwindling stimulus would weigh on spending, perceptions of finances clearly took a hit, but overall sentiment remains buoyant.” 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 EUR/USD: Still forecast for a dip to 1.16 in a three-month perspective – Rabobank FX Street 1 year The Consumer Sentiment Index from the University of Michigan rose in September, to 78.9, the highest level since March. Analysts at Wells Fargo noted perceptions about the economy improved, but they warn confidence still remains well-below its pre-virus level. Key Quotes: “Both current conditions and expectations improved. Notably, just 16% of consumers, the smallest proportion since 2015, expected the economy to worsen over the next year.” “Sentiment remains way-below its pre-virus level, but notably it hasn’t tested the lows visited in the aftermath of the 2008-crisis.” “Perception of finances were influenced by declining incomes, with more respondents reporting an income… Top 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.
