Consumer confidence data from the Conference Board:
- Prior reading was 82.3 (revised to 83.9)
- Present situation 78.3 vs 82.5 prior
- Expectations 84.9 vs 84.8 prior
- Jobs hard-to-get index at 32.5 vs 31.4 prior
Consumer confidence
The headline was soft but the revisions were higher. Overall, it’s close enough to the consensus that it doesn’t matter. Heck, even when it misses the consensus this data point doesn’t matter.
The US calendar heats up tomorrow with ADP, GDP, the Chicago PMI and the Fed.