Which way will the US market turn?
At the beginning of the week, the release of weekly unemployment claims and the final evaluation of wholesale inventories for October is anticipated. It is expected that the number of unemployment claims will remain stable, but in the context of recent labor market trends, the indicator may accelerate its growth.
Statistical data on consumer credit for October will also be presented. Experts predict a decrease in the volume of retail loans from $9.1 billion in September to $8.8 billion. In the event of an actual reduction in this indicator, the markets may perceive it as a signal of declining consumer demand and weakening inflationary pressure. However, in the context of data on the reduction of disposable income, there may be an increase in retail lending volumes.
#USMarket #FreshForecast
At the beginning of the week, the release of weekly unemployment claims and the final evaluation of wholesale inventories for October is anticipated. It is expected that the number of unemployment claims will remain stable, but in the context of recent labor market trends, the indicator may accelerate its growth.
Statistical data on consumer credit for October will also be presented. Experts predict a decrease in the volume of retail loans from $9.1 billion in September to $8.8 billion. In the event of an actual reduction in this indicator, the markets may perceive it as a signal of declining consumer demand and weakening inflationary pressure. However, in the context of data on the reduction of disposable income, there may be an increase in retail lending volumes.
#USMarket #FreshForecast