The Week Ahead: Public Confidence
Written by Jeff Miller, A Dash of Insight
The economic calendar is more important than usual. There is an emphasis on housing data as well as reports on leading indicators, industrial production, and regional Fed surveys. The most important story of the week will be the Fed’s Wednesday rate decision. Market prices imply a high probability of a 25 basis point rate cut. Many market participants are counting on the Fed, but the real question is broader. Pundits should be asking:
Is falling confidence a threat to markets?
Source: http://econintersect.com/pages/investing/investing.php?post=201909150258
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