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US consumer sentiment rises for first time in five months
US consumer sentiment rose for the first time in five months, bolstered by a more optimistic outlook for personal finances as inflation expectations improved. The preliminary December sentiment index rose to 53.3 from 51 a month earlier, according to the University of Michigan. The survey period includes responses from Nov. 18 to Dec. 1, following the end of the record-long federal government shutdown. Consumers expect prices to rise at an annual rate of 4.1% over the next year, down from a month earlier and the lowest since January, the report issued Friday showed. And they saw costs rising at an annual rate of 3.2% ... (full story)
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The Consumer Sentiment Index in the United States improved by 4.5% in December compared to the previous month, and reached 53.3, coming in above analysts' expectations, a preliminary report posted by the University of Michigan revealed on Friday. The figure declined by 28% on an annual level. The Current Economic Conditions Index slipped by 0.8% on a ...
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Reports That The BOJ Is Said Likely To Hike This Month, Leave Open To More - Hike Would Still Leave Rate Support Ing Economy, People Say - BOJ Is Said Aware Of How Ueda's Monday Comments Would Be Viewed - BOJ Is Said To Check Data, Market Moves Up To Final Decision
BOJ Is Said Likely to Raise Interest Rates at December Meeting Bank of Japan officials are ready to raise interest rates at a policy meeting later this month, provided theres no major shock to the economy or financial markets in the meantime, according to people familiar with the matter. The central bank will also indicate it will continue to raise rates if its economic outlook is realized while remaining cautious on how far they will eventually push rates up, the people said. The officials see a high likelihood of increasing the benchmark rate by a quarter percentage point to 0.75% at the end of a two-day gathering on Dec. 19, the people said. A rate hike would push the policy rate in Japan to its highest level since 1995. A key market focus is how aggressively the central bank will point to additional hikes.