Today’s data showed a decline in the Consumer Sentiment index elaborated by the University of Michigan. Analysts at Wells Fargo, noted that the drop came from the Current Economic Conditions Index and added that trade worries weigh on sentiment. Key Quotes: “The preliminary report on July consumer sentiment showed consumers have become increasingly concerned about the possible impact that tariffs will have on the U.S. economy. Consumers’ assessment of current economic conditions fell 2.6 points to a still solid 113.9 in mid-July.” “Concerns about tariffs have increased notably, rising from 15 percent in May to 21 percent in June and 38 percent today.” “Inflation expectations fell in early July. Prices are expected to rise 2.9 percent over the next year, down from 3.0 percent last month. Expectations for the next 5-10 years fell 0.2 percentage points to 2.4 percent. The drop coincides with some easing in gasoline prices.” 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 Fed: Two more rate hikes in 2018 and three for 2019 – BBVA FX Street 5 years Today's data showed a decline in the Consumer Sentiment index elaborated by the University of Michigan. Analysts at Wells Fargo, noted that the drop came from the Current Economic Conditions Index and added that trade worries weigh on sentiment. Key Quotes: "The preliminary report on July consumer sentiment showed consumers have become increasingly concerned about the possible impact that tariffs will have on the U.S. economy. Consumers' assessment of current economic conditions fell 2.6 points to a still solid 113.9 in mid-July." "Concerns about tariffs have increased notably, rising from 15 percent in May to 21 percent in… 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.
