Consumption dominates activity and the US economy cannot recover if consumer spending does not revive, according to FXStreet’s analyst Joseph Trevisani. Key quotes “The Michigan consumer sentiment index is forecast to dip to 68 in May from 71.8 in April. The index for consumers’ views on their current economic conditions is expected to rise to 75 from 74.3 and the expectations is forecast to climb to 71.8 from 70.1.” “It is crucial that Americans resume their normal spending habits. If that happens businesses will regain their confidence, workers will be rehired and the two-thirds of the economy that is powered by consumption will energize the rest.” “In this volatile and unusual moment the outlook of the average consumer matters a great deal more than the opinions of analysts, pundits, and politicians.” 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 BTC/USD: Bitcoin may retest $7,500 if the bears regain the control FX Street 2 years Consumption dominates activity and the US economy cannot recover if consumer spending does not revive, according to FXStreet’s analyst Joseph Trevisani. Key quotes “The Michigan consumer sentiment index is forecast to dip to 68 in May from 71.8 in April. The index for consumers’ views on their current economic conditions is expected to rise to 75 from 74.3 and the expectations is forecast to climb to 71.8 from 70.1.” “It is crucial that Americans resume their normal spending habits. If that happens businesses will regain their confidence, workers will be rehired and the two-thirds of the economy that is powered… 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.
