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  • U.S. Consumer Sentiment Firms on Best Financial View Since 2004

    From bloomberg.com

    U.S. consumer sentiment improved slightly in July, holding close to the best level in more than a decade as more Americans grew optimistic about their future financial prospects. The University of Michigan's preliminary sentiment index edged up to 98.4 from 98.2 in June, according to data released Friday that were about in line with forecasts. The gauge has held within a 2.8-point range for the past five months. The expectations index climbed slightly while the gauge of current conditions cooled. Key Insights • Unemployment near a half-century low and fresh stock-market highs are helping to underpin consumer ... (full story)

Doesn't seem like a headline you would read in an economy that requires more rate cuts and QE
Quoting smctrader
Doesn't seem like a headline you would read in an economy that requires more rate cuts and QE
Depends upon your definition.....

The USA economy is doing well now - BUT with a rate cut it would do even BETTER.

For too long most central banks play catch-up; they wait until a country goes into recession before cutting rates or they raise rates too far and too fast - ask Alan Greenburg.
Quoting fxsport
{quote} Depends upon your definition..... The USA economy is doing well now - BUT with a rate cut it would do even BETTER. For too long most central banks play catch-up; they wait until a country goes into recession before cutting rates or they raise rates too far and too fast - ask Alan Greenburg.
hey how you did know that Economy USA is doing well ?
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