Consumer sentiment according to the University of Michigan is again heading downwards. For January, the sentiment index falls to 68.8 points against an expectation of 70 points and the previous level of 70.6 points. Rising prices and uncertainty about the coronavirus are responsible for the low sentiment. Inflation expectations for the 1-year outlook point to 4.9%, compared to 4.8%.
Daily summary: Dovish Fed signals are driving optimism on Wall Street 🗽US2000 at all-time high
Fed chair Jerome Powell press conference🔎
BREAKING: Fed cuts interest rates by 25 bps🗽US100 gains
BREAKING: BoC holds interest rates unchanged🔎CAD with muted reaction