Is consumer confidence slipping as we approach 2025? Join CIO of Verdence Capital Advisors, Megan Horneman, as the latest insights from the University of Michigan's final January report is unraveled, which marks the first decline in consumer confidence in half a year. Megan takes a look at the contributing factors, such as the dip in current conditions and future expectations, and how rising inflation concerns are nudging spending habits. With consumers expecting a rise in inflation rates, the ripples could escalate current inflation levels, and it's a scenario the Federal Reserve won't be ignoring.
Get ready for a rollercoaster ride in the markets, driven by fluctuations in the semiconductor sector and a volatile equities day, as we anticipate the upcoming Federal Reserve meeting. Expect interest rates to stay put despite inflationary pressures, but keep an eye out for a wealth of reports on housing data and a fresh consumer sentiment reading from the conference board.
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https://youtu.be/eAtyyJjXoSM
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