US: Conference Board consumer confidence expected to decline – Danske Bank

Analysts at Danske Bank point out that US Conference Board consumer confidence is due for release in the afternoon and will be the main economic release for today’s session.

Key Quotes

“The figure is expected to decline in line with other indicators for consumer confidence but to stay at a high level. Overall, the optimism expressed in the survey indicators after Trump's victory is likely to continue to fade in coming months.”

“We expect the Fed to maintain the Fed funds target range and wait until September to make an announcement on 'quantitative tightening'.”