US Michigan consumer confidence is out at 15.00 GMT
If you wanted to see the Fed get a slap round the chops then seeing the US consumer floundering right after a rate hike would be a good way to do it. The University of Michigan consumer sentiment survey out later has the potential to do just that.
The index is rocking at levels last seen before the crisis, and that's given the Fed some of their ammo to hike rates.
US Michigan consumer sentiment
This survey was probably run before the FOMC so it's not going to show any real effects from Wednesday's hike. That the Fed has hiked twice in three months is something that will put the supposed strong US consumer to the test, and it's indicators like this that will first flag any problems.
It may be too early for this month but this will be one to watch over the next couple of months.
