#美国11月密歇根预期指数初值50.9 🚨 U.S. consumer confidence is recovering, but one figure is more concerning than 50.9!
The U.S. November Michigan Consumer Expectations Index came in at 50.9, above expectations of 49.5.
The overall Consumer Sentiment Index also rose from 48.0 to 51.0.
It seems Americans are less pessimistic about the economy.
But looking closely at the data, there’s something else: about 57% of respondents said high prices are eroding their standard of living.
That’s interesting.
Economic expectations are improving, yet people still feel that life is expensive. More subtly, confidence among people who own a lot of stocks actually fell by about 5%, and the AI bubble is also starting to become a concern.
I’m more focused on another set of figures: one-year inflation expectations fell from 4.7% to 4.3%.
If inflation expectations continue to ease, that could provide more substantial support for Fed monetary policy and risk assets.
My take is that this report is broadly neutral for BTC, with a slightly positive signal, but it’s far from an unambiguously bullish report.
A recovery in consumer confidence is one thing; whether market liquidity can genuinely improve is another.
👇 Click the link below to go straight there!
The U.S. November Michigan Consumer Expectations Index came in at 50.9, above expectations of 49.5.
The overall Consumer Sentiment Index also rose from 48.0 to 51.0.
It seems Americans are less pessimistic about the economy.
But looking closely at the data, there’s something else: about 57% of respondents said high prices are eroding their standard of living.
That’s interesting.
Economic expectations are improving, yet people still feel that life is expensive. More subtly, confidence among people who own a lot of stocks actually fell by about 5%, and the AI bubble is also starting to become a concern.
I’m more focused on another set of figures: one-year inflation expectations fell from 4.7% to 4.3%.
If inflation expectations continue to ease, that could provide more substantial support for Fed monetary policy and risk assets.
My take is that this report is broadly neutral for BTC, with a slightly positive signal, but it’s far from an unambiguously bullish report.
A recovery in consumer confidence is one thing; whether market liquidity can genuinely improve is another.
👇 Click the link below to go straight there!
