The University of Michigan on Friday reported that the Index of Consumer Sentiment in February rose to 93.8 in February from 91.2 recorded in January but eased from the previous estimate of 95.5 and fell short of the market expectation of 95.7 Key takeaways from the press release Although sentiment was still above last month’s low, the bounce-back from the end of the Federal shutdown faded in late February. Consumers continued to react to the Fed’s pause in raising interest rates, balancing the favorable impact on borrowing costs against the negative message that the economy at present could not withstand another rate hike. The data indicate that personal consumption expenditures will grow by 2.6% in 2019 and the strength in consumer spending will mean that the expansion is expected to set a new record length by mid year. February (final) results Index of Consumer Sentiment at 93.8 vs 91.2 in January. Index of Current Economic Conditions at 108.5 vs 108.8 in January. Index of Consumer Expectations at 84.4 vs 79.9 in January. 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 US: Not the start of a collapse in spending – Wells Fargo FX Street 4 years The University of Michigan on Friday reported that the Index of Consumer Sentiment in February rose to 93.8 in February from 91.2 recorded in January but eased from the previous estimate of 95.5 and fell short of the market expectation of 95.7 Key takeaways from the press release Although sentiment was still above last month's low, the bounce-back from the end of the Federal shutdown faded in late February. Consumers continued to react to the Fed's pause in raising interest rates, balancing the favorable impact on borrowing costs against the negative message that the economy at present could not withstand… 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.
