US consumer confidence November 2017 129.5 vs 124.0 exp

November 2017 US consumer confidence 28 November 2017

Prior 125.9. Revised to 126.2
Current conditions 153.9 vs 151.1 prior. Revised to 152.0
Expectations 113.3 vs 109.1 prior. Revised to 109.0
1yr inflation expectations 4.5% vs 4.7% prior
Jobs hard to get 16.9 vs 17.5 prior. Revised to 17.1

A very strong read for consumer confidence has given the dollar extra impetus. USDJPY up to 111.45.

The index sits at the highest since Nov 2000. The only minor wobble is the fall in inflation expectations. As well as seeing actual inflation rising, they’ll want to see high expectations of inflation. Low expectations can become a self-fulfilling prophecy. It’s reasoned that if consumers think they’ll get lower prices in the future, they’ll put off purchases now.

Also out;