Yesterday, the US Consumer Confidence report came out much better than expected after three consecutive months of decline. Compared to the University of Michigan Consumer Sentiment, which shows more how the consumers see their personal finances, the Consumer Confidence shows how the consumers perceive the labour market. Looking at the big picture, the only thing that "changed" yesterday is that some concerns on the labour market that surfaced after the NFP report should have been set aside for now. The present situation index generally leads the unemployment rate, so we might see a downtick in the unemployment rate in the next NFP report. This should be overall a good thing for the growth pi
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