The Predictive Power of the Conference Board’s Consumer Confidence Index

Anthony Silva |
Wilmington Wire
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May 22, 2017— Measures of consumer confidence loom large in the financial market press. Several analysts believe that consumer confidence indices have predictive power on consumer spending and stock market returns. Some analysts use intuition to suggest that increased consumer confidence leads to an increase in consumer spending, which strengthens the economy given that consumer

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Fed Raises Interest Rates, and Raises Expectations for 2017

Luke Tilley |
Wilmington Wire

December 15, 2016— The Federal Open Market Committee (FOMC) of the Federal Reserve unanimously voted to raise its target for the federal funds rate on December 14 from a range of 0.25%–0.5% to a range of 0.5%–0.75%. The decision was not a surprise to markets, as the market for fed funds futures had priced in

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