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  • University of Michigan sentiment preliminary for March 63.4 versus 67.0 last month

    From forexlive.com

    University of Michigan sentiment index for March 2023 (preliminary) • Prior month 67.0% • preliminary index for sentiment 63.4 versus 67.0 estimate • current conditions 66.4 versus 70.0 estimate • expectations index 61.5 versus 64.5 estimate • one year inflation expectations 3.8% versus 4.1% last month. Lowest since April 2021 • five year inflation expectations 2.8% versus 2.9% last month. Lowest since April 2021

Added at 10:06am

  • US: UoM Consumer Confidence Index drops to 63.4 in March vs. 67 expected

    From fxstreet.com

    Consumer sentiment in the US weakened in early March with the University of Michigan's (UoM) Consumer Confidence Index declining to 63.4 from 67 in February. This reading came in worse than the market expectation of 67. "Year-ahead inflation expectations receded from 4.1% in February to 3.8%, the lowest reading since April 2021, but remain well above the 2.3-3.0% range seen in the two years prior to the pandemic," the publication further read. "Long-run inflation expectations edged down to 2.8%, falling below the narrow 2.9-3.1% range for only the second time in the last 20 months." Surveys of Consumers Director ... (full story)

Added at 10:10am

  • UMich Inflation Expectations Drop To 2-Year-Lows, Overall Sentiment Weakens In March

    From zerohedge.com

    The most important aspect of the UMIch sentiment survey continues to be 'inflation expectations' which slid further to 3.8% in the next 12 months (lowest since April 2021) and 2.8% for 5-10Y inflation exp... chart However, UMich notes that with ongoing turbulence in the financial sector and uncertainty over the Fed’s possible policy response, inflation expectations are likely to be volatile in the months ahead. The overall headline sentiment dropped more than expected - down for the first time in four months chart Sentiment declines were concentrated among lower-income, less-educated, and younger consumers, as ... (full story)

Gold has been on steroid this week
Gold Consumer Confidence Index?
TuriBinda
Quoting jordanvic
Gold has been on steroid this week
Yes.. everyone figuring out the banks got no collaterals, and the fed's only control is based on people being productive or otherwise their printers are useless.

But hey we had this fake system for a very long time.. people should have known long ago.

Why buy gold though, when they don't have the collateral of gold? the central banks are buying all the gold. The rest is just electronic signals.
If you make money from it though, buy some physical asset like pack of cigarettes. Always tradeable even without the banks.
Don't press the button before you reach the bottom. -Old chinese saying
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