US December consumer confidence 110.7 vs 104.00 expected

<ul><li><a href="https://www.forexlive.com/news/us-november-consumer-confidence-1020-vs-1010-expected-20231128/" target="_blank" rel="follow">Prior </a>was 102.0 (revised to 101.0)</li></ul><p>Details:</p><ul><li>Present situation index 148.5 vs 138.2 prior (revised to 136.5)</li><li>Expectations 85.6vs 77.8 prior (revised to 77.4)</li><li>1 year Inflation 5.6% vs 5.7% prior </li><li>Jobs hard-to-get 13.2 vs 15.4 prior</li></ul><p>I warned in my morning note that this was likely to beat. It's an overdue catch-up to falling gasoline prices and the jump in US equities. We're still a long ways from the pre-covid range around 130 but these numbers are so skewed by politics that they're tough to believe. But the message here is that consumers felt a bit better ahead of Christmas, which is the most important time of year for retail sales. That should translate into a stronger Q4.</p>

This article was written by Adam Button at www.forexlive.com.