Consumer confidence in focus on quiet day for data
Friday,
18-Aug-2017
04:34 PM (IST)
In what will be a sparse day for macro data stateside, investors will focus on the University of Michigan’s consumer sentiment index, which is expected to rise slightly to a preliminary reading of 94.0 this month, from July’s 93.4.The reading released at comes after data for July released earlier in the week showed the biggest jump in retail sales in the last seven months, bolstering optimism over the U.S. economy.Investor’s which also watch the reports’ readings on consumer expectations for signs of optimism, while keeping an eye on inflation expectations as the Federal Reserve is widely anticipated to announce balance sheet normalization in September.
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