US September consumer confidence 108.0 vs 104.5 expected

  • Consumer confidence from The Conference Board
US consumer confidence
  • Present situation 149.6 vs 145.3 prior
  • Expectations 80.3 vs 75.8 prior
  • Jobs hard-to-get 11.4% vs 11.6% prior
  • 1-year inflation expectations 6.8% vs 7.0% prior

That's a strong reading and it comes with several strong readings today. The market reaction has been to sell bonds and buy the US dollar. It points to more rate hikes from the Fed.

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