Today’s Forex: Attention turns to US consumer sentiment data
Market Insights for May 16th Here’s the latest on this Friday: the market appears cautious as the US Dollar (USD) struggles to maintain its strength against major rivals. Building permits, a key economic indicator, are expected to begin reporting in April, while the University of Michigan will release its preliminary consumer sentiment index for May. […]
EUR/USD moves back close to 1.1200 before the release of the UoM Consumer Sentiment Index.
With the recent decline of the US dollar, EUR/USD pairs are trending higher. The US producer price index dropped by 0.5% month-over-month, while the core PPI (excluding food and energy) decreased by 0.4% in April. However, gains for the euro may be limited as European Central Bank officials hint at potential interest rate cuts. The […]
Trump dismisses three Democrats from the Consumer Product Safety Commission
President Trump recently dismissed three Democrats from the Consumer Product Safety Commission (CPSC), according to White House officials. This action aligns with his belief that the president holds authority over independent agencies. The CPSC is responsible for establishing safety standards and banning products deemed hazardous to consumers. Their work includes product recalls, analyzing potential dangers, […]
Consumer confidence in the UK drops to its lowest point since December 2022, according to Which? | Economics
Consumer confidence in the UK has dropped to its lowest point since the beginning of the cost of living crisis. This decline is fueled by concerns over US tariffs and the ongoing war in Ukraine. According to a recent survey, almost two-thirds of respondents expect the economy to get worse within the next year, while […]
Mastercard Move Transactions Grow 35%, CEO Says Consumer Spending ‘Solid’ – PYMNTS.com
Highlights Contactless payments are the dominant force. 73% of all Mastercard face-to-face switching transactions are contactless, indicating a wide range of consumer embraces. Management said consumer spending remains fundamentally strong despite concerns such as tariffs and geopolitical tensions that have led to decline in consumer and business sentiment. Mastercard reported a 15% and 16% increase […]
Consumer confidence dipped to a five-year low in April amid Trump’s tariffs
“Claman Countdown” panelists Gary Cartbaum and Jeffsika discuss the performance and consumer sentiment of retail stocks. Consumer confidence fell to its lowest level in almost five years in April as concerns about tariffs and trade uncertainty placed emphasis on economic outlook. The conference committee said Tuesday its consumer confidence index fell 7.9 points to 86 […]
Consumer Sentiment Inches Up From Midmonth But Remains Near Historic Lows
Consumer sentiment improved slightly from the beginning of the month in late April, but was deeply depressed by widespread concerns over historic decline in inflation, tariffs and trust among Democrats. The final read on the University of Michigan Consumer Sentiment Index rose to 52.2 in April. It marked the fourth consecutive monthly decline since July […]
Consumer sentiment falls to lowest level since postpandemic inflation peak
Consumer sentiment has been heading to its lowest level in April since the peak of post-pandemic inflation surges as President Trump’s trade battles shook the global economy. Sentiment fell 8.4% between March and April, down 32.4% from a year ago, falling to its lowest point since July 2022, according to a consumer survey from the […]
Capital One CEO praises resiliency of US consumer, but sees ‘worrying signs’
Stew Leonard’s wine and spirits President Blake Leonard said on the impact of tariffs on the alcohol industry and consumers on “Morning with Maria.” Capital One CEO Richard Fairbank shared his views on Tuesday on how American consumers support it during financial institutions’ quarterly revenue calls. He was asked by analysts how capital views the […]
Consumer prices are down — why can’t Democrats admit it?
There is the latest inflation report – and for the first time in almost five years, the consumer price index has fallen. According to data released on April 10th, gas prices fell, falling 6.3% from February to March, nearly 10% year-on-year. It is a real relief for working families. It is easy to claim that […]