Consumer sentiment retreated this month after reaching its highest in nearly six years in May, a survey released on Friday showed, as household optimism about employment and housing faded slightly. The Thomson Reuters/University of Michigan’s preliminary reading on the overall index on consumer sentiment fell to 82.7 in June, below […] Read more »
Thomson Reuters Gives Elite Traders Early Advantage
A closely watched consumer confidence number that routinely moves markets upon release is accessed by an elite group of traders, for a fee, a full two seconds before its official release, according to a document obtained by CNBC. [cont.] Eamon Javers, CNBC Read more »
Consumer Comfort Declined Last Week to Two-Month Low
Consumer sentiment fell last week to a two-month low as Americans’ views toward their finances and buying plans faded. The Bloomberg Consumer Comfort Index declined to minus 31.3 in the period ended June 9, the lowest since early April, from minus 29.7 a week earlier. [cont.] Lorraine Woellert, Bloomberg Read more »
Fewer Americans Expect to Be Better Off in a Year
Fewer Americans are now optimistic about their future personal financial situations, with 57% saying they will be better off in a year, down from 66% who said so last October. Optimism still surpasses pessimism, as 29% expect to be worse off a year from now — although that is up […] Read more »
Growing Faith in U.S. Economy Underpins Consumer Comfort
Consumer confidence last week was unchanged near a five-year high as Americans had the least pessimistic views on the economy since 2008. The Bloomberg Consumer Comfort Index held at minus 29.7 in the period ended June 2. Sentiment about the current state of the economy improved to the best level […] Read more »
Americans More Secure in Poll as 60% See No Need for Better Job
Americans are feeling more secure about their own finances with stock and home values rising, even as a growing number say the country is headed down the wrong track, according to a Bloomberg National Poll. People are more upbeat about a range of financial issues — job security, retirement savings, […] Read more »