US: Consumer confidence may ebb - AmpGFX

Today, in the US, the Conference Board Consumer Confidence report is released and analysts at Amplifying Global FX Capital suggest that we may be on the cusp of some correction in sentiment surveys. 

Key Quotes

“The Preliminary University of Michigan Consumer Sentiment survey released on 16 June showed confidence slipping in June to a low since November last year.  The weekly Bloomberg consumer comfort index also slipped last week to a low since February.”

“Overall consumer sentiment remains at a high level.  However, we may be on the cusp of some correction in sentiment surveys.  This would not surprise in light of the slipping credibility in the Trump administration and capacity of Congress to pass key legislation on health, tax and infrastructure.”