ekonomias

U.S. consumer confidence surged to 91.7 — far above the forecast of 81.2 — just ahead of the Fed’s decision.

The facts: The Conference Board (Oct. 27) reported that the index rose 7.5 points to 91.7 in October, up from 84.2 in September (revised up from 81.9). The present situation index rose 8.6 points to 120.4; expectations climbed 6.9 points to 72.6 — partially reversing three consecutive months of decline. Senior economist Fergus McCormick said the rebound was in line with easing gas prices, but stressed that the long-term downward trend remains unbroken and consumers are planning to spend less.

My take: this is about sentiment, not spending. Consumers are still complaining about prices and inflation, and the partial recovery in expectations points to a fragile rebound. For crypto, this news changes nothing for now: BTC is still around $80,200, and the market is still waiting for the Fed on Oct. 29 at 01:00 WIB — with roughly a 90% chance that it will hold rates steady.

What I’m watching: the Fed’s tone on Oct. 29, GDP and PCE data that evening, and whether this sentiment translates into actual spending.

Do you think this surge is enough to lift risk assets, or will the market keep waiting for the Fed?

This is my analysis, not financial advice — always DYOR.

#EkonomiAS #TheFed $BTC