$TRUMP
$XAU
Urgent: US data moves the market and ignites
bond yields
The final University of Michigan reading for September matched forecasts exactly across nearly all axes, but it reveals a sharp decline compared with August—no surprise, but a worrying confirmation.
The Consumer Confidence Index registered 48.1 points, very close to market expectations (47.8 points), but sharply lower than the August reading of 51.7 points—a decline of more than 7% within one month.
The Consumer Expectations Index came in at 46.3 points, approximately in line with expectations of 45.8 points, but also far below 51.5 points in August.
As for one-year inflation expectations, they came in exactly at 4.6% as expected, but jumped from 4.0% in August—an evident acceleration in consumers’ outlook for coming prices. Five-year expectations came in at 3.4%, matching forecasts and slightly higher than 3.3% in August.#QNTRises39% #EthereumBreaksAbove$2700 #BitgetBreachForgedRequestsNotStolenKeys #GrayscaleZcashETFHits$1BNetAssets #BitcoinSpotETFsNetInflow$191M
$XAU
Urgent: US data moves the market and ignites
bond yields
The final University of Michigan reading for September matched forecasts exactly across nearly all axes, but it reveals a sharp decline compared with August—no surprise, but a worrying confirmation.
The Consumer Confidence Index registered 48.1 points, very close to market expectations (47.8 points), but sharply lower than the August reading of 51.7 points—a decline of more than 7% within one month.
The Consumer Expectations Index came in at 46.3 points, approximately in line with expectations of 45.8 points, but also far below 51.5 points in August.
As for one-year inflation expectations, they came in exactly at 4.6% as expected, but jumped from 4.0% in August—an evident acceleration in consumers’ outlook for coming prices. Five-year expectations came in at 3.4%, matching forecasts and slightly higher than 3.3% in August.#QNTRises39% #EthereumBreaksAbove$2700 #BitgetBreachForgedRequestsNotStolenKeys #GrayscaleZcashETFHits$1BNetAssets #BitcoinSpotETFsNetInflow$191M
