Reply To: Traders Market Weekly: Bull or Bear Trap Ahead of the Fed?

#46334
Truman
Participant

The Conference Board’s Consumer Confidence Index fell to 102.5 in October (consensus 105.5) from a downwardly revised 107.8 (from 108.0) in September. In the same period a year ago, the Consumer Confidence Index stood at 111.6.

The key takeaway from the report is that consumers’ concerns about inflation picked up again in October on the back of rising gas and food prices.

The Present Situation Index declined to 138.9 from 150.2.
The Expectations Index dropped to 78.1 from 79.5.
One-year inflation expectations rose to 7.0% from 6.8%.