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Understanding the UoM Consumer Sentiment Index The University of Michigan (UoM) Consumer Sentiment Index is a key economic indicator that measures consumer confidence in the U.S. economy. It gauges consumers’ perceptions of current economic conditions and their expectations for the future. A higher reading indicates increased optimism, which can positively impact consumer spending and economic…

The Federal Reserve is expected to announce its interest rate decision on Wednesday, November 7, 2024. The Federal Open Market Committee (FOMC) is widely expected to raise the federal funds rate by 25 basis points to a range of 5.50% to 5.75%. This would mark the 12th consecutive rate hike since the Fed began raising…

October 23, 2024 – The Japanese Yen (JPY) experienced a sharp decline yesterday following the release of the Flash Manufacturing Purchasing Managers Index (PMI) for October 2024. The data came in below expectations, raising concerns about the health of Japan’s manufacturing sector and its impact on the economy. Key Points from the Flash Manufacturing PMI…

October 23, 2024 – The British Pound (GBP) experienced a sharp decline yesterday following a speech by Bank of England (BOE) Governor Andrew Bailey. Bailey expressed concerns about persistent inflationary pressures and hinted at the possibility of further interest rate increases in the near future. Key Points from Bailey’s Speech Impact on GBP In response…