German Economic Sentiment, UK employment data, Japan rate decision, US inflation data, Building Permits, Philly Fed Manufacturing Index and the highly important FOMC rate decision meeting. These are the market movers for this week. Join us as we explore these economic highlights.
Last week US Consumer confidence rebounded, rising to 91.8 in December, the highest level in four months amid positive views on household finances and consumer spending. Buying conditions for household purchases were rated positively by 81% of all consumers. Furthermore, Retail sales also registered the highest climb in four months, rising 0.2% in November followed by 0.1% gain in the previous month. Meanwhile core sales excluding automobiles climbed 0.3% compared to 0.2% in October. Overall, this positive data backs the Fed’s rate hike move but lacks shine.
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