CB Consumer Confidence Index to be Announced Today

CB Consumer Confidence Index to be Announced Today

The CB Consumer Confidence Index, the indicator that represents the level of consumer confidence in the stability of the economy of the country will be released on Tuesday at 14:00 GMT and the market analysts and participants who are trading in the US dollar quotes will be monitoring them. As per the forecasts of financial experts, the reading of the indicator is most likely to be 76.3. Moreover, when the CB Consumer Confidence Index was disclosed on 30th Apr 2024 at 14:00 GMT by the Conference Board, it was found to be 97.0.

Henceforth, if now there is a decline in the values of the indicator, a decrease in consumer spending is assumed. Furthermore, the CB Consumer Confidence Index is deemed a leading market indicator and during the release of the indicator, the market participants are suggested to be alert and make adequate market decisions according to the report. 

The Fed Governor to Deliver Speech

Based on the sources from the Board of Governors of the Federal Reserve System, Lisa D.Cook, the governor of the Fed will be giving a speech on Tuesday at 17:05 GMT and will be watched over by market participants who are trading in the American currency before making any drastic market decisions. The speech will most likely comprise any hints that could bring about a short-term impact on the market.