The Conference Board; Last Tuesday of each month, 10:00am EST, covers current month's data: The CCI is a survey based on a sample of 5,000 U.S. households and is considered one of the most accurate indicators of confidence. The idea behind consumer confidence is that when the economy warrants more jobs, increased wages, and lower interest rates, it increases our confidence and spending power. The respondents answer questions about their income, the market condition as they see it, and the chances to see increase in their income. Confidence is looked at closely by the Federal Reserve when determining interest rates. It is considered to be a big market mover as private consumption is two thirds of the American economy.
If you have enjoyed this post please feel free to Subscribe to the Free Forex Trading HQ Newsletter.
We recommend trading forex with Easy-Forex.
