Consumer confidence among Americans soared in November, building on October’s gains, as trump’ election victory sparked a surge in both the Present Situation and the Expectations sub-index…
Source: Bloomberg
That is the biggest percentage jump in the Present Situation Index since summer 2021 as vaccines rolled out and ‘saved the world’…
Source: Bloomberg
Rather oddly, amid the improved optimism., expectation for purchases (for cars, homes, and durables) all fell modestly in November…
Source: Bloomberg
But, The Board’s labor market indicator showed the jobs situation improve considerably after an ugly few months…
Source: Bloomberg
…and expectations for stock market gains continued to surge while inflation (and interest rate) expectations fell to post-COVID lows…
Source: Bloomberg
Does any of this seem like American consumers need another 25bps rate cut?
Tyler Durden
Tue, 11/26/2024 – 10:35
